National Gypsum EGM to vote on statutory reserve transfer on Jan. 28

Logo of National Gypsum Co.

National Gypsum Co. invited its shareholders to attend an extraordinary general meeting (EGM) on Jan. 28, to vote on SAR 64.2 million statutory reserve transfer to offset the accumulated losses standing at the same amount as per the financial statements as of 30/09/2025.

In a statement to Tadawul, the company said that shareholders will also vote on transferring an amount of SAR 30.77 million from the statutory reserve to the retained earnings account.

Additionally, they will discuss moving another SAR 3 from the statutory reserve to the paid-up capital so that the company’s capital becomes SAR 316.667 million, with a nominal value of SAR 10 per share and a total number of 31.667 million shares.