AYYAN cuts accumulated losses to 16.2% of capital

Logo of AYYAN Investment Co.

AYYAN Investment Co. announced that its accumulated losses declined from 40.84% of its capital, amounting to SAR 410.98 million as of Dec. 31, 2024, to 16.2%, amounting to SAR 163.67 million as of March 31, 2025.

In a statement to Tadawul today, May 11, the company attributed the decline in accumulated losses to gains realized from a material transaction involving the sale of all its shares in Al-Ahsa Medical Services Co. and Al Salam Medical Services Co., which generated total proceeds of SAR 418.06 million.

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AYYAN posted a net profit of SAR 367.4 million, after minority interest, in Q1 2025, compared to a loss of SAR 55.7 million a year earlier. The profit was driven by the sale of all shares in both Al-Ahsa and Al Salam, data compiled by Argaam showed.