Tam Development Company announces the Board of Directors’ recommendation regarding transferring the balance of the statutory reserve and other reserves to the retained earnings balance
| Element List | Explanation |
|---|---|
| Announcement Detail | Tam Development Company announces the unanimous approval of its Board of Directors to submit a recommendation to the General Assembly to transfer the balance of the statutory reserve (an amount of 6,320,238 riyals, six million three hundred and twenty thousand two hundred and thirty-eight riyals), and the other reserve (an amount of 3,078,000 riyals, three million and seventy-eight thousand riyals) in full to the balance of retained earnings.
This was in the Board of Directors’ decision (by circulation) dated 3/27/2024 |