Aseer approves using SAR 92.4 mln of statutory reserve to offset accumulated losses

29/12/2021 Argaam

Logo of Aseer Trading, Tourism and Manufacturing Co.

Aseer Trading, Tourism and Manufacturing Co.'s board of directors approved today, Dec. 29, to utilize SAR 92.4 million of the SAR 311.7 million statutory reserve, to offset its accumulated losses, according to a bourse statement.

 

The company's accumulated losses represent 7.31% of its capital as on Sept. 30, 2021.

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