ALKHALEEJ TRNG

16 May, 2024 16:24

Alkhaleej Training and Education Co. Announces the Decrease of its Accumulated Losses to 6 % of the Capital

Element ListExplanation
Introduction In reference to the announcement of Alkhaleej Training and Education Company on 31/03/2024 regarding the annual financial results for the period ending on 31/12/2023 Alkhaleej Training and Education Company would like to announce to its shareholders the decrease in accumulated losses from 28,726% to 5,9477% of the company's current capital of SAR 650,000,000 on 09/05/2024
Date of accumulated losses decrease 2024-03-31 Corresponding to 1445-09-21
Amount of the Accumulated Losses 38,660,366 riyals
Percentage of the Accumulated Losses out of the Capital (%) 6 %
Measures Taken by the Company to Decrease Accumulated Losses Transferring the statutory reserve of 83,043,571 SAR to retained earnings in addition to the positive results for the first quarter of 2024
The external auditor’s report clarifying the financial position of the company

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