Care Plans Capital Restructuring

Al-Qir International company announced a plan to address accumulated losses through a capital restructuring, which includes exploring options such as reducing capital to offset losses and then increasing it again. The board clarified that it authorized the executive management, in coordination with a licensed financial advisor, to take the necessary measures. Additionally, the company has transferred the statutory reserve balance and share issuance premium to the accumulated losses account to offset a portion of the losses. The results will be presented to the Board of Directors and the Extraordinary General Assembly for final decisions.

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