Fad International Company announces the Board of Directors' recommendation to transfer the statutory reserve balance to retained earnings. | premargin

Fad International Company announces the Board of Directors' recommendation to transfer the statutory reserve balance to retained earnings.

TadawulNovember 23, 2025View on exchange

Element List	Explanation
Announcement Detail	Fad International Company announces that its Board of Directors recommended on 02/06/1447, corresponding to 23/11/2025, to the Extraordinary General Assembly to approve the transfer of the entire balance of the company’s statutory reserve, which amounted to (1,972,464) Only one million nine hundred seventy-two thousand four hundred sixty-four Saudi Riyals as per the annual financial statements ending on 31/12/2024 and the preliminary financial statements ending on 30/06/2025, to the retained earnings balance.

Element List

Explanation

Announcement Detail

Fad International Company announces that its Board of Directors recommended on 02/06/1447, corresponding to 23/11/2025, to the Extraordinary General Assembly to approve the transfer of the entire balance of the company’s statutory reserve, which amounted to (1,972,464) Only one million nine hundred seventy-two thousand four hundred sixty-four Saudi Riyals as per the annual financial statements ending on 31/12/2024 and the preliminary financial statements ending on 30/06/2025, to the retained earnings balance.