Qassim Cement EGM to discuss transferring SAR 150.45m to retained earnings

Riyadh – Mubasher: Qassim Cement said it will hold extraordinary general meeting (EGM) on Thursday, 15 December, to discuss transferring SAR 150.45 million from the company’s statutory reserves to the retained earnings.

The meeting will also tackle amending the company’s article of association.

Qassim Cement reported net profits of SAR 70.4 million at the third quarter of 2016, down from SAR 115.12 million for the same period of the previous year.

Mubasher Contribution Time: 27-Nov-2016 08:36 (GMT)
Mubasher Last Update Time: 28-Nov-2016 08:47 (GMT)