SIIG Shareholders OK SAR 1.05 bln reverse transfer to retained earnings
- Date: 13-Jun-2023
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
SIIG Shareholders OK SAR 1.05 bln reverse transfer to retained earnings
Saudi Industrial Investment Group's (SIIG) shareholders approved to transfer the balance of the statutory reserve amounting to SAR 1.05 billion, as provided in the financial statements for the year ending on Dec. 31, 2022, to retained earnings.
In a statement to Tadawul, the company said the decision came during the extraordinary general meeting held on June 12. It also noted that shareholders approved amending the renumeration policy.
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