Publisher: Maaal International Media Company
License: 465734
Wednesday, 28 May 2025
Mufeed board recommends transferring statutory reserve to retained earnings
Mufeed Co.’s board of directors recommended transferring the statutory reserve balance of SAR 3.49 million to retained earnings, the company said on Tuesday.
The recommendation, based on the firm’s 2024 annual financial statements, will be presented to the Ordinary General Assembly for approval.
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