Sadirat accumulated losses down to 32.42% of capital

Saudi Industrial Exports Company (Sadirat) announced amending the date of the Auditor’s report showing the financial position of the company after its accumulated losses decline from Dec 31^st 2021 to the date of the approval of the Extraordinary General Assembly to reduce the company’s capital.

The company added in a statement published on Tadawul that its accumulated losses amounted to SR 7,003,636, or 32.42% of the company’s capital.

The procedures and instructions of the company in which shares are listed on the Saudi Stock Exchange, whose accumulated losses amounted to 20% or more of its capital, will be applied.