Zamil EGM approves using statutory reserve to offset accumulated losses

01/10/2023 Argaam
Logo ofZamil Industrial Investment Co.

Logo of Zamil Industrial Investment Co.

Shareholders of Zamil Industrial Investment Co. approved, during an extraordinary general meeting (EGM) held on Sept. 28, a proposal by the board of directors to use a portion of the company's SAR 180 million statutory reserve to offset its accumulated losses.

 

According to a statement to Tadawul, Zamil Industrial’s accumulated losses amounted to SAR 169.25 million, representing 28.2% of its capital as of the fiscal year ended on June 30, 2023. 

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.