AYYAN to transfer SAR 59.8M share premium to accumulated losses

AYYAN shareholders also approve amendment to bylaws on objective

AYYAN Investment Co.’s shareholders approved the board recommendation to transfer the entire share premium balance of SAR 59.8 million to be accounted within accumulated losses, during an extraordinary general meeting (EGM) held on Sept. 28.

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In a statement to Tadawul, the company noted that the step seeks to offset part of its accumulated losses of SAR 145.9 million, or 14.5% of capital, as of June 30, 2025. After the transfer, accumulated losses will drop to 8.55% of capital.

 Meanwhile, shareholders approved amending Article 3 of the company’s bylaws related to its business objectives, the statement added.

Amending of the company’s bylaws