Alqemam Shareholders Approve SAR 4.58M Reserve Transfer

ALQEMAM 0.00%

ALQEMAM

9558.SA

77.00

0.00%

Alqemam for Computer Systems Co. announced on October 13, 2025, that its Extraordinary General Assembly Meeting was held on October 12, 2025, at the company's head office in Unaizah using modern technology. The meeting, which had 79.19% shareholder attendance, unanimously approved two items: amending Article 4 of the Company's Articles of Association related to company objectives, and transferring the statutory reserve balance of SAR 4,581,708 to retained earnings. All six board members attended the meeting, including Chairman Wasel Abdullah Alwasel and the chairs of both the Review Committee and Nomination and Remuneration Committee.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=90654&anCat=1&cs=9558&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

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