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2026-11-02T07:23:45.082Z

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Saderat Maps Loss Process

Saderat Maps Loss Process

Saudi Industrial Export Company (“Sadirat”) announced that its accumulated losses had reached 50.68% of its capital. It set December 29, 2026, as the deadline for the board to disclose its recommendations and remediation plan. The proposed options include increasing or reducing the company’s capital, or seeking alternative financing and operational solutions. The company also set April 28, 2027, as the deadline for holding an extraordinary general assembly to consider whether to continue the company’s operations and take corrective measures, or dissolve it if no solutions ensuring its sustainability are reached.

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