Riyadh - Mubasher: Mohammad Al Mojil Group posted a net loss of SAR 9.4 million ($2.5 million) in July, making the total losses in 2016 so far amount to SAR 50.3 million ($13.4 million).
Accumulated losses have now reached SAR 3.63 billion, representing 290.1% of the company’s capital, according to the company’s statement to the Saudi Stock Exchange (Tadwul).
On 24 May, the company’s OGM decided to continue operating and not to liquidate the company before its due date.
