Riyadh – Mubasher: Naseej International Trading Company on Monday announced that its accumulated losses have dropped to 0% of the capital, according to a bourse filing.

Earlier this month, the Tadawul-listed firm cut its capital by 65.4% to amortise SAR 116.5 million worth of accumulated losses.

Naseej International's capital has been reduced to SAR 61.6 million from SAR 178.16 million through the cancellation of 11.65 million shares.