Riyadh–Mubasher: Al Baha Investment and Development said on Thursday that its accumulated losses reached SAR 185.39 million ($49.44 million) until the end of February 2016, representing 123.6% of paid-in capital.
The Tadawul-listed firm recorded SAR 2,280 ($608.01) in net earnings during February.
Net earnings for 2015 reached SAR 69,000 ($18,400), against losses of SAR 4 million ($1.07 million) a year before.
Tadawul stipulates that companies whose accumulated losses reach or exceed 50% of capital should release their financials on a monthly basis.
