Marble Design EGM OKs statutory reserve transfer to retained earnings

Marble Design's shareholders approve transferring the company's statutory reserve balance to retained earnings

Marble Design Factory Co.’s shareholders approved transferring the statutory reserve balance to retained earnings during an extraordinary general meeting (EGM) on Oct. 6.

In a statement on Tadawul today, Oct. 7, the company said the statutory reserve amounts to approximately SAR 7.88 million, as shown in the financial statements for 2024 and in the interim consolidated financial statements as of June 30, 2025.

Marble Design’s board of directors recommended the move to the EGM on Sept. 7, according to Argaam data.