Saudi Steel Pipe: Accumulated losses decreased to 1.2% of the capital

The Saudi Steel Pipe Company announced on Thursday that the accumulated losses amounted to SAR 6.2 million in the fiscal year ending on December 31, 2022, representing 1.2% of capital (as compared to SAR 60.4 million in the fiscal year ending on December 31, 2021, which represented 11.8% of the capital).

The company said that there is no change in financial impact.