AYYAN says accumulated losses reach 44.89% of capital

Logo of AYYAN Investment Co.

AYYAN Investment Co. said today, July 30, that its accumulated losses reached SAR 361.98 million as of June 30, 2024, representing 44.89% of capital.  

 

In its earnings statement to Tadawul, AYYAN said its extraordinary general meeting (EGM) approved on July 8, raising the company’s capital by way of a SAR 200 million rights offering.

 

For more news on listed companies

 

Last February, AYYAN signed with Dallah Healthcare a memorandum of understanding to sell its 97.4% stake in Al-Ahsa Medical Services Co., and 100% equity in Al-Salam Medical Services Co., Argaam earlier reported.

 

The sale was driven by the losses incurred by AYYAN as Al-Salam Medical Services’ topline does not offset its operating costs.

 

The procedures related to the companies, whose losses stand at 20%, or more of their capital, will apply, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request