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The Saudi Industrial Export Company (“Sadirat”) announced that its accumulated losses had reached 50.68% of its capital. It set December 29, 2026, as the latest date for the Board of Directors to disclose its recommendations for addressing the losses and its action plan, which may include increasing or reducing capital, or pursuing financing and operational alternatives. The company also set April 28, 2027, as the latest date for an Extraordinary General Assembly meeting to consider whether the company should continue operating and what corrective measures to take—or whether it should be dissolved if no solutions are approved that ensure its sustainability.
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