Riyadh – Mubasher: Anaam International Holding Group has reported a 551.6% year-on-year surge in its losses during the fiscal year 2019.

Anaam’s net loss soared to SAR 97.76 million last year, compared to SAR 15 million in 2018, according to a bourse statement released on Thursday.

In the fourth quarter of 2019, net loss grew to SAR 87 million, from SAR 8.7 million a year earlier.

It is worth highlighting that Anaam’s loss surged to SAR 10.86 million in the first nine months of 2019, against SAR 6.3 million in the year-ago period.