Al Abdullatif” GA agrees to transfer 241.4 million riyals from ‎statutory reserve to retained earnings

Al Abdullatif Industrial Investment Company announced the results of the extraordinary general assembly meeting after the quorum for holding the meeting was reached, which reached 69.48%.

Voting results:

It was approved to amend the company’s bylaws in accordance with the new companies’ bylaws, and to rearrange and number its articles.

It was approved to transfer the balance of the statutory reserve amounting to (241,428,309) Saudi riyals as in the financial statements for the year ending December 31, 2022 into retained earnings.