The SABIC General Assembly approves the transfer of the reserve balance to retained earnings

The Saudi Basic Industries Corporation (SABIC) announced the results of the extraordinary general assembly meeting (first meeting) held yesterday, Thursday.

According to the company’s statement on the website "Saudi Arabia trading"The results of the vote on the Assembly’s agenda included: Approval of transferring the general reserve balance of 110,889,032 riyals, as shown in the consolidated financial statements for the fiscal year ending on December 31, 2024 and the preliminary financial statements for the period ending on September 30, 2025, to the retained earnings account.

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