Jahez GA Approves SAR 18.4 Mln Reserve Transfer to Retained Earnings

Jahez International Company for Information System Technology (Jahez) announced on Monday that the Extraordinary General Assembly Meeting (First Meeting) approved transferring the statutory reserve of SAR 18.4 million to retained earnings.

The Assembly also approved the participation of Board Member Abdulaziz Al Omran in a business competing with the Company’s business, and the disbursement of SAR 1.5 million in bonuses to Board Members for 2024.