20 Hrs
Source:
الاقتصادية
Al-Batala suggests reallocating 10 million riyals from issuance bonus to cover losses
Al Batal Saudi Chemical Industries Company recommended transferring 10 million riyals from the share premium reserve to the accumulated losses account to offset part of its losses, which amounted to 74.29% of its capital, in order to address the accumulated losses. The board also proposed a plan that includes collecting overdue insurance claims and restructuring equity, allowing the company to continue its activities after its losses exceeded half of its capital, based on improved performance expected in 2026. The recommendations will be presented to the extraordinary general assembly for approval, and the date will be announced once all legal procedures are completed.
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