June 25: Halwani Bros GA to vote on transferring statutory reserve balance to retained earnings

The Board of Directors of Halwani Brothers Company invited shareholders to participate and vote in the Extraordinary General Assembly meeting (first meeting), which is scheduled to be held on June 25th of this month, through modern technological means using the Tadawul system, which includes voting on transferring the balance of the statutory reserve amounting to 106.7 million riyals as in the financial statements for the year. 2023 to retained earnings.

A vote will also be held on the business and contracts concluded between the company and other companies, the company’s auditor’s report for the year 2023, and the discharge of members of the Board of Directors for the same year, in addition to appointing an auditor for the company from among the candidates based on the recommendation of the Audit Committee in order to examine the financial statements for the second and third quarters. For the year 2024 and the first quarter of 2025, and determine his fees.