AYYAN proposes transfer of SAR 59.8M share premium balance to offset accumulated losses

AYYAN Investment Co.’s (AYYAN) board of directors recommended today, Sept. 2, transferring the entire share premium balance of SAR 59.8 million to the accumulated losses account, to offset part of the accumulated losses, according to a Tadawul statement.

 

Losses stood at SAR 145.9 million, representing 14.5% of the company’s capital, according to the financial statements for the six-month period ended June 30, 2025.

 

 

In a statement to Tadawul, the company said the recommendation will be presented to the next general meeting for approval in accordance with regulatory procedures.

 

According to data available with Argaam, AYYAN reported net earnings of SAR 385.2 million for H1 2025, compared to a net loss of SAR 104 million a year earlier. Q2 2025 net profit stood at SAR 17.8 million.

 

The company added that accumulated losses by the end of the period stood at SAR 145.9 million, or 14.5% of capital.