Zamil Industrial approves using SAR 80 mln from statutory reserve to extinguish accumulated losses

Zamil Industrial Investment Company announced on Sunday the results of the Extraordinary General Assembly Meeting (Secund Meeting), which was held (virtually) at 19:30 on Thursday, 28/09/2023.

Voting Results:

– Approve the recommendation of the Board of Directors using a portion of the statutory reserve of SAR 180,000,000 against the Company’s total accumulated losses of SAR 169,253,000, which represents 28.2% of the capital, as of the fiscal year ending on (30/06/2023).