Lazurde Approves SAR 27.8M Statutory Reserve Transfer

LAZURDE

LAZURDE

4011.SA

0.00

On June 29, 2026, L'azurde Company for Jewelry announced the results of its Extraordinary General Assembly Meeting (Third Meeting) held on June 28, 2026, via the Tadawulaty system with 15.60302% shareholder attendance. The meeting approved the appointment of Ibrahim Ahmed Al-Bassam & Co. (PKF) as external auditors for fiscal year 2026 and Q1 2027 for fees of SAR 1,045,000, and authorized the Board to distribute interim dividends on a bi-annual or quarterly basis for fiscal year 2026. Additionally, shareholders approved transferring SAR 27,807,194 from statutory reserves to retained earnings and amendments to the remuneration policy for Board members and executive management.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96453&anCat=1&cs=4011&locale=ar

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