Abdullah A. M. Al-Khodari Sons Company’s general assembly has approved a capital restructuring through multiple steps including a capital hike and a capital cut to offset accumulated losses above 50 percent of paid-in capital, the company said in a bourse statement.

 

The process is pending approvals from regulatory bodies.

 

Shareholders have also rejected financial restructuring under the bankruptcy system and refused to dissolve the company.

 

Al-Khodari’s accumulated losses as of Feb. 12, 2019 widened to SAR 1.11 billion representing 198.52 percent of capital, Argaam reported earlier.

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 © 2025, Argaam Investment, All Rights Reserved
Call Request