Anaam says accumulated losses fully offset after capital cut

25/02/2020 Argaam

 

Anaam International Holding Group Co.’s accumulated losses were fully offset following the capital cut process, the company said in a bourse statement on Tuesday.

 

In December, Anaam International Holding Group's shareholders approved the board's recommendation to cut capital by 92.35% from SAR 196 million to SAR 15 million to offset SAR 181 million worth of accumulated losses, according to data compiled by Argaam.

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