Riyadh – Mubasher: Al Baha Investment and Development Company’s accumulated losses decreased to SAR 27.84 million, representing 15.72% of capital.
The company noted that the reason behind the reduction of the accumulated losses is that the capital was cut to SAR 177 million through cutting 4 shares per every 10 shares.
There is no financial impact for the decrease of the losses on the company’s financial obligations, according to a bourse filing on Thursday.
