SRMG shareholders to vote on suspending transfer of 10% profit to statutory reserve

25/04/2022 Argaam

Shareholders of Saudi Research and Media Group (SRMG) will vote on suspending the transfer of 10% of net profit to the statutory reserve starting from Q1 2022, during the ordinary general meeting (OGM) scheduled for May 19.

 

SRMG cited that the statutory reserves stood at 36.7% of the group’s capital as of Dec. 31, 2021, according to a statement to Tadawul.

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