Retal shareholders nod to transfer of SAR 91.2M to retained earnings

Shareholders of Retal Urban Development Co. approved, on May 22, the transfer of SAR 83.01 million statutory reserve as of Dec. 31, 2024, to retained earnings.

Retal will also transfer SAR 8.16 million from changes in the ownership of a subsidiary to retained earnings, according to a statement to Tadawul.

Additionally, nine board directors were also elected for the next four-year term starting May 26, 2025.

The elected directors are Fozan A Fozan, Abdul Rahman Al-Wabel, Hani BaOthman, Ahmed Al-Hakbani, Abdullah AlBraikan, Omar al-Jeraisy, Abdullah Al-Fozan, Fahad Al-Mojil, and Khaled Al-Sharif.