Riyadh – Mubasher: The shareholders of Dur Hospitality Company gave the green light, during the extraordinary general meeting (EGM) for transferring SAR 143 million of consensual reserve balance as in fiscal year (FY) 2020 financial results to the retained earnings account.

Consensual reserves are allocated for maintenance works and other purposes defined by the board of directors, according to a bourse filing on Monday.

 It is worth noting that during the first nine months (9M) of 2021, Dur Hospitality incurred higher losses worth SAR 8.13 million, compared to SAR 7.46 million in 9M-20.