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Alhokair to transfer retained earnings to next FY

Alhokair to transfer retained earnings to next FY
Alhokair's shareholders approved a board recommendation to pay a bonus of SAR 200,000 for each board member
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Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Company said that its shareholders voted Tuesday to transfer retained earnings as at 31 March to the next fiscal year.

During the company's ordinary general meeting (OGM), the shareholders gave a nod to the financial statements and audit report for the fiscal year ended 31 March 2017, according to a bourse filing.

The shareholders also approved a board recommendation to pay a bonus of SAR 200,000 for each board member.