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First Mills shareholders approve 82.8M Riyals transfer
Shareholders of the First Mills Company approved the transfer of the statutory reserve balance of 82.8 million Riyals to retained earnings. A new external auditor was also appointed, along with amendments to the company's system to enhance governance. The meeting was conducted digitally through modern communication tools. Additionally, the meeting included the appointment of new board members, the allocation of their remuneration for the last fiscal year, and the approval of amendments to certain articles of the company's bylaws to ensure compliance with applicable laws.
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