Al Naqool shareholders approve statutory reserve transfer to retained earnings

Al Naqool shareholders also elected board of directors for new 4-year term

Mohammed Hasan Al Naqool Sons Co.’s shareholders approved the transfer of the statutory reserve balance of SAR 2.64 million, as per the interim financial statements dated June 30, 2025, to the retained earnings account.

This decision was made during the extraordinary general meeting (EGM) held on Dec. 10.

In a statement to Tadawul, the company said shareholders also approved the election of the board of directors for the upcoming four-year term, which will begin on Dec. 15, 2025.

The elected members are Majid Al-Naqool, Mohammed Al-Mutairi, Turki Al-Naqool, Hatem Al-Shallali, and Nizar Al-Sarraf.