Al Hassan Ghazi Ibrahim Shaker Co. Announces the Decrease of its Accumulated Losses to 0 % of the Capital
|Introduction ||Referring to the recommendation of the Board of Directors dated 05/04/1443 AH corresponding to10/11/2021 AD, regarding the reduction of the Company’s share capital by 23.44%, and, as the Company’s shareholders approved during the Extraordinary General Assembly Meeting held on 10/14/1443 AH corresponding to 05/15/2022AD, the Company wishes to announce the decrease in share capital of SAR 147,666,000 through absorbing all accumulated losses. |
|Date of accumulated losses decrease ||2022-05-15 Corresponding to 1443-10-14 |
|Amount of the Accumulated Losses ||The accumulated losses are now 0 % |
|Measures Taken by the Company to Decrease Accumulated Losses ||Reducing the share capital of the Company from SAR 630,000,000 to SAR 482,334,000 based on the approval of the Extraordinary General Assembly held on 10/14/1443 AH corresponding to 05/15/2022AD. |
|Auditor's Report showing the Financial Position of the Company after the Decrease of the Accumulated Losses || |
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