SVCP shareholders to vote on SAR 75M transfer to offset losses on Nov. 5

03/10/2024 Argaam
Logo of Saudi Vitrified Clay Pipes Co. (SVCP)

Logo of Saudi Vitrified Clay Pipes Co. (SVCP)

Shareholders of Saudi Vitrified Clay Pipe Co. (SVCP) will vote on transferring the statutory reserve balance of SAR 75 million as of Dec. 31, 2023, to offset the company's accumulated losses of SAR 35.24 million.

 

These accumulated losses represent 23% of the company’s share capital as of June 30, 2024, SVCP said in a statement to Tadawul.

 

For more news on listed companies

 

The online voting will start on Nov. 2.

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.