GAS shareholders OK transfer of statutory reserve to retained earnings

11/12/2024 Argaam

GAS shareholders OK transfer of statutory reserve to retained earnings

Logo of Gas Arabian Services Co. (GAS)

Gas Arabian Services Co.’s (GAS) shareholders approved the transfer of statutory reserve, amounting to SAR 36.87 million as per the 2023 financials, to retained earnings, during the extraordinary general meeting (EGM) held on Dec. 10.

 

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According to a statement to Tadawul, the shareholders also approved amending Article 4 of its bylaws related to the company's objectives.

 

They further approved electing new board members for the upcoming four-year term, starting Jan. 1, 2025.

 

The members include Abdulrahman Al Dabal, Faisal Al Dabal, Fawaz Danish, Alawi Baroum, Aref Al Dabal, and Abdulaziz Alkhamis.

Pre-and Post change company purposes 

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