This amount is part of the total consensual reserve of SAR 42.73 million, according to a disclosure to Tadawul on Tuesday.
The equityholders also agreed to transfer the remaining consensual reserve of SAR 20.66 million to the retained earnings account.
SAPTCO’s stakeholders, in addition, gave the green light for the board’s recommendation to withhold dividends for 2020.
Last year, the company incurred net losses of SAR 377.7 million, versus net profits of SAR 33.9 million in 2019.
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