‎Kingdom Holding board plans full statutory reserve transfer to retained earnings

‎Kingdom Holding board plans full statutory reserve transfer to retained earnings ‎Kingdom Holding board plans full statutory reserve transfer to retained earnings

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Logo ofKingdom Holding Co.

Kingdom Holding Co.’s board of directors recommended, on April 28, the transfer of the company’s full statutory reserve of SAR 1.79 billion as of Dec. 31, 2024, to retained earnings.

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In a statement to Tadawul, the company added that this recommendation will be presented for voting during the upcoming general assembly meeting and is subject to shareholder approval.

 

Logo ofKingdom Holding Co.

Kingdom Holding Co.’s board of directors recommended, on April 28, the transfer of the company’s full statutory reserve of SAR 1.79 billion as of Dec. 31, 2024, to retained earnings.

For more news on listed companies

In a statement to Tadawul, the company added that this recommendation will be presented for voting during the upcoming general assembly meeting and is subject to shareholder approval.

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