On July 28, 2026, Amwaj International Company announced that its accumulated losses have reached 46.69% of its share capital of SAR 60,000,000, amounting to SAR 28,015,270, based on audited annual financial results for the year ended December 31, 2025. The losses were primarily driven by inventory discrepancies at one of the Company's branches totaling SAR 28,666,257, expected credit loss provisions on trade receivables amounting to SAR 47,124,775, and provisions for slow-moving and obsolete inventory, resulting in a net loss of SAR 87,799,964 for the year. In response, the Company is pursuing legal proceedings to recover amounts related to the inventory discrepancy incident, while also enhancing credit management policies, tightening customer credit limits, and improving working capital and inventory management efficiency. The procedures and instructions applicable to Saudi-listed companies whose accumulated losses reach 20% or more of capital will be applied accordingly.

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