Saudi Public Transport Co.’s (SAPTCO) board of directors approved using the statutory reserve of SAR 183.47 million to offset the accumulated losses as per the audited financials on Sept. 30, 2020, according to a bourse filing.
SAPTCO’s accumulated losses stood at SAR 134.23 million, accounting for 10.74% of capital.
The remaining portion of the statutory reserve will be utilized to offset any potential losses until Dec. 31, 2020, the statement added.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}