Alhasoob plans to transfer SAR 3.6M reserve to retained earnings

09:04 AM (Mecca time) Argaam- Nomu
Logo ofAlhasoob Co.

Logo of Alhasoob Co.

Alhasoob Co.’s board of directors recommended transferring the company’s entire statutory reserve—SAR 3.6 million, as reported in the balance sheet dated Dec. 31, 2024—to the retained earnings account.

 

In a statement on Tadawul, the company said the board’s recommendation to the ordinary general meeting (OGM) was issued on Nov. 15.

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