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Aseer OGM approves statutory reserve cut

Aseer OGM approves statutory reserve cut
The surplus amount will be transmitted to the retained earnings
SINAD HOLDING
4080
-0.23% 8.82 -0.02

Riyadh – Mubasher: Aseer Trading, Tourism and Manufacturing Company’s ordinary general meeting (OGM) approved on Monday cutting its statutory reserve to 50% of the capital.

The surplus amount will be transmitted to the retained earnings, according to a bourse statement.