1 Day
Source:
معلومات مباشر
Bank offsets losses via share premium
The Pan Group Holding Company announced that it has fully absorbed all its accumulated losses, reducing their proportion to 0% of the capital, after transferring an amount from the share premium account to the accumulated losses account, totaling 263.644 million riyals. This decision resulted in the zeroing out of the loss provision in the company's financial statements, marking the final stage of the financial restructuring plan and capital structure improvement, which the company had announced in May 2026. This step follows a capital increase used to finance acquisitions of real estate assets, enabling the company to cover its losses without affecting liquidity and allowing it to exit the threshold of companies with accumulated losses of 20% or more of capital. This transformation will support the company's expansion plans and facilitate more effective utilization of its real estate assets.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)