SARCO plans to transfer the entire statutory reserve balance to retained earnings
Saudi Arabia Refineries Co.’s (SARCO) shareholders will vote on transferring the entire statutory reserve balance of SAR 31.69 million, as in the 2024 income statement, to retained earnings, during an extraordinary general meeting (EGM) to be held on Sept. 28. 
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Shareholders will also vote on paying SAR 1.74 million in annual remuneration to board members for 2024, the company said in a statement to Tadawul today, Sept. 7.
SARCO plans to transfer the entire statutory reserve balance to retained earnings
Saudi Arabia Refineries Co.’s (SARCO) shareholders will vote on transferring the entire statutory reserve balance of SAR 31.69 million, as in the 2024 income statement, to retained earnings, during an extraordinary general meeting (EGM) to be held on Sept. 28.
For more news on listed companies
Shareholders will also vote on paying SAR 1.74 million in annual remuneration to board members for 2024, the company said in a statement to Tadawul today, Sept. 7.
