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TADCO’s accumulated losses down to 5.6% of capital

TADCO’s accumulated losses down to 5.6% of capital
TADCO restructured the shareholders' equity by offsetting SAR 68.19 million
TADCO
6040
2.17% 14.16 0.30

Riyadh – Mubasher: Tabuk Agricultural Development Company (TADCO) said its accumulated losses have reached SAR 22.01 million, which represents 5.6% of the capital, until 3 May 2021.

TADCO has disclosed a correction on 23 May after it said last week the accumulated losses had accounted for 9% of the capital.

The company has restructured the shareholders' equity by offsetting SAR 68.19 million from the accumulated losses through full usage of the statutory reserve.