Saudi Steel Pipe shareholders approve offsetting losses

06/09/2018 Argaam

 

Saudi Steel Pipe Co.’s (SSP) shareholders approved on Wednesday offsetting accumulated losses as of June 30, 2018 by transferring SAR 87.5 million from a share premium account, the company said in a bourse statement.

 

Shareholders also approved the board’s recommendation to appoint Khalid Al-Nassar as an executive director, in place of the late Khalid Al-Rabiah, effective May 22, 2018.

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