‎Zoujaj to transfer SAR 98.7M statutory reserve to retained earnings

‎Zoujaj to transfer SAR 98.7M statutory reserve to retained earnings ‎Zoujaj to transfer SAR 98.7M statutory reserve to retained earnings

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Logo ofNational Company for Glass Industries (Zoujaj)

The National Company for Glass Industries’ (Zoujaj)shareholders approved the transfer of the statutory reserve amounting to SAR 98.7 million, as per 2024 financial statements, to the retained earnings, according to a statement to Tadawul.

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This came during the extraordinary general meeting (EGM) held on June 1, the statement added.

Shareholders further authorized the board of directors to distribute interim dividends on a semi-annual, or quarterly basis for 2025.

The company paid cash dividends at 15%, or 1.5 a share, for 2024, data compiled by Argaam showed.

 

Logo ofNational Company for Glass Industries (Zoujaj)

The National Company for Glass Industries’ (Zoujaj)shareholders approved the transfer of the statutory reserve amounting to SAR 98.7 million, as per 2024 financial statements, to the retained earnings, according to a statement to Tadawul.

This came during the extraordinary general meeting (EGM) held on June 1, the statement added.

Shareholders further authorized the board of directors to distribute interim dividends on a semi-annual, or quarterly basis for 2025.

The company paid cash dividends at 15%, or 1.5 a share, for 2024, data compiled by Argaam showed.

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