Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) said its accumulated losses have fallen to 0.6% of the company’s capital, which totals SAR 8.99 billion.

In 2019, the accumulated losses were SAR 1.6 billion, representing 27.5% of the capital which amounted to SAR 5.8 billion at that time, according to a stock exchange filing on Thursday.

Zain KSA’s accumulated losses now stand at SAR 54 million.  

Earlier, the Tadawul-listed firm cut its capital by SAR 1.35 billion and in 2020, it logged SAR 260 million in net profits.