ELEMENT LIST EXPLANATION
Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website 2022-09-08 Corresponding to 1444-02-12
Hyperlink to the Previous Announcement Click Here
Incorrect statements in the previous announcement Ad title:

 

Al Jouf Cement Company announces the decrease of its accumulated losses to 0.01% of the capital as on 31/12/2021

 

Introduction:

Al Jouf Cement Company announces a decrease in its accumulated losses to 0.01% of the capital by amortizing 99.97% of the accumulated losses as on 31-12-2021 amounting to 343,000,000 riyals, which represents 23.9860% of the company's capital.

 

The measures taken by the company to reduce its accumulated losses:

The reasons for the decrease in accumulated losses are due to the reduction of the company’s capital by an amount of 343,000,000 riyals through the cancellation of 34,300,000 shares in order to extinguish 99.97% of the accumulated losses based on the approval of the extraordinary general assembly held on August 29-2022
Correct Statement Ad title:

 

Al Jouf Cement Company announces the decrease of its accumulated losses to 0% of the capital as on 31/08/ 2022 AD

 

Introduction:

Al-Jouf Cement Company announces the reduction of its accumulated losses to 0% of the capital by reducing the balance of accumulated losses as on 31-08-2022 by an amount of 343,000,000 riyals.

 

The measures taken by the company to reduce its accumulated losses:

The reasons for the decrease in accumulated losses are due to the reduction of the company’s capital by an amount of 343,000,000 riyals by canceling 34,300,000 shares in order to extinguish the balance of accumulated losses based on the approval of the Extraordinary General Assembly held on August 29-2022.

 

attachments:

Attach the revised report
Additional Information The reason for correcting the announcement is to have the effect of reducing the capital after the approval of the extraordinary general assembly on August 29, 2022 AD, rather than affecting the financial statements in which losses appeared by the end of 2021 AD.
Attached Documents    

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