3091 · 08/09/2022 15:30:22 · Announcement #70095 · View on Saudi Exchange

Al Jouf Cement Company announces the decrease of its accumulated losses to 0.01% of the capital as on 31/12/2021

Element List	Explanation
Introduction	Al Jouf Cement Company announces the decrease of its accumulated losses to 0.01% of the capital by amortizing 99.97% of the accumulated losses as on 31-12-2021 amounting to 343,000,000 riyals, which represents 23.9860% of the company’s capital
Date of accumulated losses decrease	2022-08-29 Corresponding to 1444-02-02
Amount of the Accumulated Losses	After the decrease SR 113,599
Measures Taken by the Company to Decrease Accumulated Losses	The reasons for the decrease in accumulated losses are due to the reduction of the company’s capital by an amount of 343,000,000 riyals through the cancellation of 34,300,000 shares in order to extinguish 99.97% of the accumulated losses based on the approval of the extraordinary general assembly held on August 29-2022
Auditor's Report showing the Financial Position of the Company after the Decrease of the Accumulated Losses

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