‎Obeikan Glass board recommends transferring SAR 43.6M statutory reserve to retained earnings

‎Obeikan Glass board recommends transferring SAR 43.6M statutory reserve to retained earnings ‎Obeikan Glass board recommends transferring SAR 43.6M statutory reserve to retained earnings

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Obeikan Glass Co.’s board of directors recommended on Dec. 18, to transfer the statutory reserve balance amounting to SAR 43.63 million to the retained earnings, according to a statement to Tadawul.

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The statutory reserve is based on the condensed consolidated interim financial statements for the three-month and nine-month periods ended on Sept. 30, 2024, the statement added.

 

Logo ofObeikan Glass Co.

Obeikan Glass Co.’s board of directors recommended on Dec. 18, to transfer the statutory reserve balance amounting to SAR 43.63 million to the retained earnings, according to a statement to Tadawul.

The statutory reserve is based on the condensed consolidated interim financial statements for the three-month and nine-month periods ended on Sept. 30, 2024, the statement added.

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