Obeikan Glass Co. agrees to transfer statutory reserve balance to retained earnings

Obeikan Glass Co. announced on Thursday the results of its Extraordinary General Assembly meeting (first meeting), which included approval of the Board of Directors’ recommendation to transfer the company’s entire statutory reserve balance, amounting to SAR 43.6 million as shown in the condensed consolidated interim financial statements for the three- and nine-month periods ending September 30, 2024, to the retained earnings account.