Publisher: Maaal International Media Company
License: 465734
Wednesday, 30 April 2025
Obeikan Glass BOD Recommends Transfer SAR 43.6 Million to Retained Earnings
Obeikan Glass Co. announced on Thursday the recommendation of the Board of Directors to the Extraordinary General Assembly to approve the transfer of the Company’s entire statutory reserve balance, which amounted to 43.6 million riyals as in the condensed consolidated interim financial statements for the three-month and nine-month periods ending Sep. 30, 2024, to the retained earnings balance.
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