24 Hrs
Source:
المشهد العربي
Plan to build dollar cash reserve
Strategic Company has established a new cash reserve of $1.59 billion in US dollars to strengthen its financial resilience, in addition to its core balance of approximately $5.1 billion. This new reserve allows funds to be allocated to activities such as purchasing Bitcoin, distributing preferred dividends, and debt repayment, with restrictions on its use for other purposes unless approved by the board of directors. This move comes amid pressures on the company's previous funding model and aims to enhance its ability to navigate changing financial conditions.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)