Amiantit reduces accumulated losses to 34.93% of capital

13/03/2022 Argaam
Logo of Saudi Arabian Amiantit Co.

Logo of Saudi Arabian Amiantit Co.

 

Saudi Arabian Amiantit Co. announced that its accumulated losses declined to 34.93% of capital, or SAR 99 million, as on Feb. 27, 2022, according to a bourse filing.

 

The company announced that accumulated losses, after the capital reduction, represented 0.15% of adjusted share capital, due to the calculation of the accumulated losses for the third quarter of 2021 after the capital reduction to SAR146,499. This was divided into the adjusted share capital SAR 99 million.

 

The decline in accumulated losses is attributed to capital reduction by SAR 221 million, based on the approval of the extraordinary general meeting.

 

The below is the auditor’s report on the company’s financial position after reduction in its accumulated losses:

The auditor’s report

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.