Publisher: Maaal International Media Company
License: 465734
Wednesday, 23 April 2025
Shmoh Almadi’s board recommends transferring statutory reserve to retained earnings
Shmoh Almadi announced on Wednesday the recommendation of its Board of Directors to the Extraordinary General Assembly to approve the transfer of the statutory reserve balance, which amounted to SAR 2.7 million as of the annual financial statements for the year ended Dec. 31, 2024, to retained earnings.
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