Kingdom Holding plans to transfer SAR 1.8B statutory reserve to retained earnings

29/04/2025 Argaam

Kingdom Holding plans to transfer SAR 1.8B statutory reserve to retained earnings

Logo of Kingdom Holding Co.

Kingdom Holding Co.’s board of directors recommended, on April 28, the transfer of the company’s full statutory reserve of SAR 1.8 billion as of Dec. 31, 2024, to retained earnings.

 

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In a statement to Tadawul, the company added that this recommendation will be presented for voting during the upcoming general assembly and is subject to shareholder approval.

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