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Molan Steel Co. announces the recommendation of the Board of Directors regarding transferring the company’s statutory reserve to the retained earnings/accumulated losses.
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MOLAN
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1445/09/16 26/03/2024 08:25:39
| Element List | Explanation |
|---|---|
| Announcement Detail | Molan Steel Co announces the recommendation of the Board of Directors dated 26-Mar-2024 to the General Assembly to approve the transfer of the company’s entire statutory reserve in the amount of 567,080sr as in financial statements of 31-Dec-2023 to the retained earnings/accumulated losses. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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