Money and business
The Board of Directors of Nayifat recommends transferring the reserve balance to retained earnings
Today, the Board of Directors of Nayifat Finance Company recommended to the company’s Ordinary General Assembly to approve the transfer of the entire balance of the statutory reserve, amounting to 69.645 million riyals, to the retained earnings balance, according to the preliminary financial statements ending on 09/30/2024 AD.
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