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مباشر
Bank restores losses via issuance bonus
Al Qam Group Holding Company announced the complete elimination of its accumulated losses, reaching 0% of the company's capital, following the implementation of the extraordinary general assembly's decision to transfer an amount from the share premium account to the accumulated losses account, totaling 263.644 million riyals. This step is part of a plan to improve the company's financial structure, which includes increasing capital to finance acquisitions of real estate assets. This will enhance the company's ability to expand and achieve sustainable growth. As a result, the company is now outside the scope of companies with accumulated losses exceeding 20% of their capital, including future regulatory procedures to remove the loss indicator from the trading screen.
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