Yaqeen Capital approves SAR 20.1M reserve transfer to retained earnings

22/09/2024 Argaam

Yaqeen Capital approves SAR 20.1M reserve transfer to retained earnings

Logo of Yaqeen Capital

Yaqeen Capital’s shareholders approved the board of directors' recommendation to transfer the statutory reserve of SAR 20.12 million, as per 2023 financial statements, to retained earnings.

 

This came during the extraordinary general meeting held on Sept. 19.

 

For more news on listed companies

 

Additionally, shareholders approved amendments to the company's bylaws to align with the new Companies Law, the company said in a statement to Tadawul.

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