FIPCO EGM to vote on transferring statutory reserve to retained earnings on Oct. 19

28/09/2023 Argaam

FIPCO EGM to vote on transferring statutory reserve to retained earnings on Oct. 19

Logo of Filing and Packing Materials Manufacturing Co. (FIPCO)

Filing and Packing Materials Manufacturing Co. (FIPCO) shareholders will vote on transferring SAR 17.39 million from the statutory reserve, as stated in 2022 financials, to retained earnings during an extraordinary general meeting (EGM) to be held on Oct. 19.

 

Moreover, shareholders will vote on amending Article No. 2 of the company's Bylaws with regard to changing the company's name to SAVA Investment Co., as well as Article No. 3 related to the company's purposes, according to a statement to Tadawul.

 

Shareholders will also vote on amending Bylaws in line with the new Companies Law.

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