Tasnee shareholders OK transfer of SAR 905.3M to retained earnings

21/04/2024 Argaam

Tasnee shareholders OK transfer of SAR 905.3M to retained earnings

Logo of National Industrialization Co. (Tasnee) 

Shareholders of National Industrialization Co. (Tasnee) approved transferring SAR 905.3 million from its statutory reserve, as per the financial statements for the period ended Dec. 31, 2023, to retained earnings at the extraordinary general meeting (EGM) held on April 18.

 

In a statement to Tadawul, the company said that shareholders also approved the amendments to its Article of Association in compliance with the new Companies Law.

 

Meanwhile, they ratified the payment of SAR 3.5 million as remuneration to the board members for 2023.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read