Ash-Sharqiyah Development Co.’s accumulated losses have been fully offset on booking additional retained earnings of SAR 154.14 million, due to implementing the International Financial Reporting Standards (IFRS), it said in a statement to Tadawul.
The company booked the value of reclaimed land from a government land grant that was not valued or recorded before. This had a positive impact on retained earnings, the statement said.
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}}