AYYAN Investment Co. announces the Board of Directors’ Decision to recommend transfer of the share premium balance to offset portion of the accumulated losses.
| Element List | Explanation |
|---|---|
| Announcement Detail | AYYAN Investment Co. announces that the Board of Directors has issued a resolution dated 10/03/1447 H corresponding to 02/09/2025 G, recommending transferring the entire share premium balance, amounting to SAR 59,760,538 to the Accumulated losses item. This is to offset a portion of the accumulated losses, which amounted to (SAR.145,883,561) representing (14.5%) of the Capital, as shown in the Financial Statements for the six-month period ending June 30, 2025 G.
And this recommendation will be presented to the General Assembly of Shareholders at its next meeting for approval, in accordance with regulatory procedures. |
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