Zoujaj Transfers SAR 98.7 mln Statutory Reserve to Retained Earnings

The National Company for Glass Industries (Zoujaj) announced that its Extraordinary General Assembly approved the transfer of SAR 98.7 million in statutory reserve, as recorded in the 2024 financial statements, to retained earnings.

The Assembly also approved the 2024 Board report, financial statements, and auditor’s report.

In addition, it discharged the Board of Directors for the 2024 fiscal year and appointed Baker Tilly MKM & Co. Chartered Accountants as the external auditor for 2025–2026, with fees of SAR 530,000.

The Assembly approved SAR 1.6 million in remuneration to Board members for 2024 and authorized the distribution of interim dividends on a semi-annual basis for 2025.