The surplus amount will be transmitted to the retained earnings
SINAD HOLDING
4080
-0.57%
8.77
-0.05
4080
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.
Source:
Mubasher