Riyadh – Mubasher: Qassim Cement announced that the extraordinary general meeting approved last Thursday transferring SAR 150.15 million from the statuary reserve to the retained earnings, according to a bourse filing on Sunday.
The extraordinary meeting further agreed on amending the company’s article of association, a bourse filing revealed.
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.
