Logo of Zamil Industrial Investment Co.
Shareholders of Zamil Industrial Investment Co. approved, during an extraordinary general meeting (EGM) held on Sept. 28, a proposal by the board of directors to use a portion of the company's SAR 180 million statutory reserve to offset its accumulated losses.
According to a statement to Tadawul, Zamil Industrial’s accumulated losses amounted to SAR 169.25 million, representing 28.2% of its capital as of the fiscal year ended on June 30, 2023.
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