CGS shareholders to vote on SAR 300,000 reserve transfer May 12

22/04/2026 Argaam
CGS shareholders will vote on transferring SAR 300,000 from the statutory reserve to retained earnings

CGS shareholders will vote on transferring SAR 300,000 from the statutory reserve to retained earnings

Consolidated Grunenfelder Saady Holding Co. (CGS) said its shareholders will vote at an extraordinary general meeting on May 12 on transferring SAR 300,000 from the statutory reserve to retained earnings, in line with the Companies Law and related regulations.

 

In a statement to Tadawul, CGS said shareholders will also consider amendments to the company’s articles of association, including changing its name to a listed joint-stock company and revising its objectives.

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