Alqemam to transfer SAR 4.6M reserve to retained earnings

08:41 AM (Mecca time) Argaam- Nomu
Logo ofAlqemam for Computer Systems Co.

Logo of Alqemam for Computer Systems Co. 

Alqemam for Computer Systems Co.’s shareholders approved transferring the statutory reserve balance of SAR 4.6 million, as in the H1 2025 financial statements, to retained earnings.

 

The approval came during the extraordinary general meeting (EGM) held on Oct. 12, Alqemam said in a statement to Tadawul.

 

Shareholders also approved amending Article 4 of the company's Articles of Association, related to objectives. Activities added include geospatial consulting, geospatial data quality control and assurance, wholesale of security devices, as well as installation and maintenance of security devices.

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