26 Listed Companies Incurred Losses, for 3 consecutive Years

Saudi stock exchange shareholders are waiting for their respective listed companies, to announce their business results, during the third quarter of 2021, and before announcing and disclosing any new results.

Maaal”, the Saudi Arabian leading online business daily has monitored and documented as many as 26 companies with losses for three consecutive years, and more by the end of last year.

From inception to the first half of this year, 3 companies have achieved consecutive losses, According to “Maaal” added.

The Saudi Fish Company (Al-Asmak) made consecutive losses for 18 consecutive years, and Naseej International Trading Company made losses for seven consecutive years.

Three companies made losses for six consecutive years – Wafrah, Takween and SIDC, while the former made losses in the first half of the current year, both Takween and SIDC made profits in that period.

Seven companies incurred losses for five consecutive years, and the Red Sea International Company incurred losses for four consecutive years and in the first half of 2021 as well.

10 companies incurred losses for three consecutive years, and in the first half of this year, with the exception of Zamil Industrial Company, which turned profitable in the first half of 2021, with profits of SR17.10 million, compared to a loss of SR83.25 million in the corresponding period.

The Saudi Fish Company (Al-Asmak) has suffered losses for 18 consecutive years since 2003.

With an only one annual profit of SR2.93 million, in 2002, that has been announced, since its listing, in April 2001.

The company is suffering consecutive annual losses since then, and losses at the first half of 2021 compared to losses in the corresponding period of the previous year.

Three companies have made consecutive losses since their establishment and at the first half of 2021, as Etihad Atheeb Telecom have made consecutive losses since its inception in 2009 until the first half of this year.

The Saudi Enaya Cooperative Insurance Company “Enaya” has also suffered consecutive losses since its establishment in 2012 and in the first half of 2021.

Alinma Tokio Marine Company (ATMC) has also suffered consecutive losses since its establishment in June 2012 and in the first half of 2021.