Saudi Kayan Announces its accumulated loses reaching 35.59 % of its capital

Saudi Kayan Petrochemical Co. announced on Monday that its accumulated losses reached 35.59% of its SAR 15 billion capital, based on unaudited financial results for May 2025.

The company said in a statement on the Saudi Exchange (Tadawul) that the losses were mainly due to shrinking profit margins resulting from lower average product prices, driven by a slowdown in global economic growth and higher input costs.

Saudi Kayan added that it will apply the regulatory procedures required for listed companies whose accumulated losses exceed 20% of capital, in line with the relevant rules of the Saudi Exchange.