Raydan agrees to transfer 27.4 million from statutory reserve balance to retained earnings account

Raydan food Company announced on Wednesday that the results of the Extraordinary General Assembly meeting (second meeting) held at 8:30 pm on Tuesday, October 10, 2023.

Voting Results:

1. Approval of the transfer of the company’s statutory reserve balance of SAR (27,413,798) as in the financial statements for the year ended December 31, 2022 to the retained earnings account.

2. Approval of the disbursement of an amount SAR (1,197,945) as a reward to (current) board members for the fiscal year ended 31 December 2022.

3. Approval of the disbursement of an amount SAR (746,959) as a reward to the members of the committees emanating from the board of Directors (current) for the fiscal year ending on 31 December 2022.