Riyadh – Mubasher: Nama Chemicals’ accumulated losses fell to SAR 52.147 million, accounting for 22.17% of the company's capital which reached SAR 235.22 million after the capital cut.

The company noted that it will abide by the rules and regulations of the Capital Market Authority (CMA) concerning the companies of which accumulated losses exceed 20%.

The extraordinary general meeting (EGM) of Nama Chemicals on 11 May had approved reducing the capital by 81.7% for restructuring purposes in line with the New Companies Law.

Nama’s fluctuation limits will be based on a share price of SAR 20.87, the company said.