Publisher: Maaal International Media Company
License: 465734
Saturday, 3 May 2025
Atlas Elevators Board Proposes Transferring SAR 3.3 Million from Statutory Reserve to Retained Earnings
Atlas Elevators General Trading and Contracting Company announced on Monday the recommendation made by its Board of Directors on March 31, 2024, to the General Assembly. The recommendation is to approve the transfer of the company’s statutory reserve balance, which amounted to 3,273,421 Saudi riyals as indicated in the financial statements ending on December 31, 2023, to the retained earnings balance.
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