Al Majdiah shareholders approved transferring SAR 44.6 million from statutory reserves to retained earnings
Dar Al Majed Real Estate Co.’s (Al Majdiah) shareholders approved transferring the company’s statutory reserve to retained earnings in an extraordinary general meeting (EGM) on Jan. 14. 
The statutory reserve stood at SAR 44.6 million, as reported in its financial statements as of Sept. 30, 2025, according to a statement to Tadawul.
Shareholders also approved amending the title of the company’s bylaws to align with its transition into a listed joint-stock company, as well as amending and deleting other articles.
Al Majdiah shareholders approved transferring SAR 44.6 million from statutory reserves to retained earnings
Dar Al Majed Real Estate Co.’s (Al Majdiah) shareholders approved transferring the company’s statutory reserve to retained earnings in an extraordinary general meeting (EGM) on Jan. 14.
The statutory reserve stood at SAR 44.6 million, as reported in its financial statements as of Sept. 30, 2025, according to a statement to Tadawul.
Shareholders also approved amending the title of the company’s bylaws to align with its transition into a listed joint-stock company, as well as amending and deleting other articles.
