Dur shareholders to vote on transferring SAR 143 mln from conventional reserve to retained profit on Dec. 5

Logo of Dur Hospitality

Dur Hospitality Co.’s shareholders will vote on the transfer of SAR 143 million from conventional reserve balance (allocated for maintenance work and the purposes determined by the board of directors) as in the financial statements for 2020 to retained profits, during the extraordinary general assembly meeting slated to be held on Dec. 5.

The company said in a bourse filing that shareholders will vote on electing board members for the new three-year term starting on Jan. 1, 2022.

They will also vote on forming the audit committee, setting its duties, work regulations and remuneration for the same term.

The candidates are Talal bin Abdulmohsen Al Malafikh, Abdulrahman bin Abdullah Al Duhaim, Ibrahim bin Salem Al Rwais, and Abdullah bin Tariq Al Gasabi.