Riyadh - Mubasher: Mohammad Al Mojil Group posted net losses of SAR 9.2 million ($2.45 million) in November 2016, raising the company’s total losses in the first 11 months of the year to SAR 91.8 million ($24.46 million).
Losses declined by 7% month-on-month in November compared to October when it reached SAR 9.9 million, according to the company’s statement to the Saudi Stock Exchange (Tadawul).
The company’s accumulated losses reached SAR 3.67 billion by the end of November, equaling 293.4% of the company’s capital which totals SAR 1.25 billion.
According to the statement, the company’s operational losses in November reached SAR 5.8 million
