‎Chemanol seeks to transfer SAR 89.2M reserve to retained earnings

‎Chemanol seeks to transfer SAR 89.2M reserve to retained earnings ‎Chemanol seeks to transfer SAR 89.2M reserve to retained earnings

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Logo ofMethanol Chemicals Co. (Chemanol)

Methanol Chemicals Co.’s (Chemanol) board of directors recommended, on March 28, transferring the statutory reserve balance of SAR 89.2 million to the retained earnings.

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The statutory reserve is based on the annual financial statements ended on Dec. 31, 2024, the statement added.

 

Logo ofMethanol Chemicals Co. (Chemanol)

Methanol Chemicals Co.’s (Chemanol) board of directors recommended, on March 28, transferring the statutory reserve balance of SAR 89.2 million to the retained earnings.

For more news on listed companies

The statutory reserve is based on the annual financial statements ended on Dec. 31, 2024, the statement added.

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