Riyadh – The shareholders of Dur Hospitality Company gave the green light, during the extraordinary general meeting (EGM) for transferring SAR 143 million of consensual reserve balance as in fiscal year (FY) 2020 financial results to the retained earnings account.

Consensual reserves are allocated for maintenance works and other purposes defined by the board of directors, according to a bourse filing on Monday.

It is worth noting that during the first nine months (9M) of 2021, Dur Hospitality incurred higher losses worth SAR 8.13 million, compared to SAR 7.46 million in 9M-20.

 

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.