Shareholders approve 300,000 riyals for retained earnings

Wajd Al-Hayat Trading Company announced the results of its extraordinary general assembly meeting, during which it was approved to transfer the entire statutory reserve balance of 300,000 Riyals to retained earnings, aiming to enhance shareholders’ equity flexibility and expand the use of accumulated profits. Additionally, an auditor was appointed for the fiscal year 2026 with fees amounting to up to 304,000 Riyals. The assembly also approved the auditor’s report for the year ending December 31, 2025.

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