Riyadh – Mubasher: Al Baha Investment and Development said Thursday its accumulated losses reached SAR 185.4 million until the end of December 2015, representing 123.6% of paid-in and authorised capital.
The Tadawul-listed firm recorded SAR 6,800 in net earnings during December.
Net earnings for the 12-month period ended 31 December reached SAR 70,800, with earnings per share (EPS) amounting to SAR 0.0047.
Assets totalled SAR 98.6 million, while shareholders’ equity reached SAR 98.6 million, according to the company’s bourse filing.
Tadawul stipulates that companies whose accumulated losses exceed 50% of capital should release their financials on a monthly basis.
