"Mofeed" recommends transferring the statutory reserve to retained earnings.

MUFEED -6.40%

MUFEED

9615.SA

37.44

-6.40%

Riyadh – Mubasher : Mufid Company announced that its board of directors recommended, issued on May 27, 2025, to the ordinary general assembly to approve transferring the entire statutory reserve balance to retained earnings .

The company stated in a statement on Tadawul today, Wednesday, that the statutory reserve balance amounts to 3.49 million riyals, as stated in the company's annual financial statements ending on December 31, 2024.

It is noteworthy that Mufeed Company achieved a net profit of 34.59 million riyals in 2024, compared to 58.26 million riyals in 2023 .

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