Sulaiman Al Habib EGM to vote on transferring statutory reserve to retained earnings on May 14

Dr. Sulaiman Al Habib Medical Services Group's shareholders will vote on transferring the company's statutory reserve amounting to SAR 1.05 billion, as shown in financial statements for FY ended Dec. 31, 2023, to retained earnings in an extraordinary general meeting to be held on May 14.

Shareholders will also vote on authorizing the board of directors to distribute interim dividends semiannually or on a quarterly basis for 2024, according to a statement to Tadawul.

Other agenda items include amending the company's articles of association to comply with the new Companies Law, as well as rearranging and numbering bylaw items to be in line with proposed amendments.