Edaa implements corporate action on Al Sorayai

02/09/2019 Argaam

 

The Securities Depository Center Co. (Edaa) has implemented the securities quantity decrease for Al Sorayai Trading and Industrial Group into the accounts of the eligible shareholders on Monday, it said in a statement.

 

The company incurred net losses after zakat and tax of SAR 84.7 million for the first half of 2019 due to suboptimal utilization of production capacity amid insufficient financial resources and weak market collections. 

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