National Gypsum Eliminates Accumulated Losses Using Statutory Reserves
NGC 2090.SA | 0.00 |
On April 26, 2026, National Gypsum Co. announced that its accumulated losses have been reduced to 0% of share capital through the utilization of statutory reserves. Following approval at an Extraordinary General Assembly meeting held on February 24, 2026, the company transferred SAR 64,234,323 from statutory reserves to fully offset accumulated losses of the same amount. An additional SAR 30,765,675 was transferred from statutory reserves to the retained earnings account. The company stated this measure strengthens its financial position to support business continuity and future objectives.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94676&anCat=1&cs=2090&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/12044_389_2026-04-26_15-06-36_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.