Saudi Cable files for capital cut to offset losses

06/08/2018 Argaam

 

Saudi Cable Co. (SCC) has submitted a capital reduction request to the Capital Market Authority (CMA), the cable producer said in a bourse filing.

 

Any relevant updates will be duly revealed, the statement added.

 

Earlier this month, SCC’s board of directors recommended a 72.6 percent capital reduction to SAR 110.6 million from SAR 404.1 million to offset accumulated losses.

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.

Most Read