SGS to vote on transferring statutory reserve of SAR520.2M to retained earnings account

24/04/2024 Argaam

SGS to vote on transferring statutory reserve of SAR520.2M to retained earnings account

SGS equipment

Saudi Ground Services Co.’s (SGS) shareholders will vote on transferring the statutory reserve amount of SAR 520.17 million, as per financial statements for 2023, to the retained earnings account, during the extraordinary general meeting (EGM) slated for May 23.

 

Shareholders will also vote on authorizing the board to pay an interim dividend on a quarterly or semi-annual basis for 2024, the statement added.

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