Al Ahsa Development to use reserves ​to extinguish losses

29/12/2014 ِArgaam

Al-Ahsa Development​ Company​’s ordinary general assembly authorized the board of directors on Monday to use the company’s statutory reserves to extinguish its accumulated losses.


The Saudi Arabia-based company, which operates in the textile industry, recorded SAR 16.9 million (SR 0.35/share)​ in losses​ at the end of the first nine months of 2014, according to data compiled by Argaam. 

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