Grunenfelder Saady Approves SAR 300,000 Reserve Transfer

CGS

CGS

4147.SA

0.00

Consolidated Grunenfelder Saady Holding Co. announced on May 13, 2026 the results of its Extraordinary General Assembly Meeting held remotely on May 12, 2026 at 8:00 p.m., with 70.83% shareholder attendance. The meeting approved the transfer of SAR 300,000 statutory reserve balance to retained earnings and appointed Ernst & Young as external auditor for fiscal years ending March 31, 2027 and first quarter of 2028 at a fee of SAR 810,000 (excluding VAT). Shareholders also approved comprehensive amendments to all 17 articles of the Company's Bylaws covering incorporation, company name, objectives, capital, management structure, and general assembly procedures, along with updates to the remuneration policy.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95342&anCat=1&cs=4147&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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