Naseej says accumulated losses fully offset after capital cut

01/08/2022 Argaam

Logo of Naseej International Trading Co.

Naseej International Trading Co. offset its accumulated losses in full, the company said in a bourse statement today, Aug.1.

 

The step followed a capital cut from SAR 211.63 million to SAR 108.97 million, based on the approval of the extraordinary general assembly (EGM) held on July 18.

 

Attached below is the auditor's report showing the financial position of the company after extinguishing the accumulated losses:

Chartered Accountnt

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