SIDC Eliminates Accumulated Losses Through Capital Increase

SIDC +0.95%

SIDC

2130.SA

11.71

+0.95%

Saudi Industrial Development Company (SIDC) announced on April 9, 2026 that it has successfully eliminated its accumulated losses, reducing them from 26.64% of capital as of September 30, 2025 to 0% as of December 31, 2025. The company achieved this through correcting accounting treatment related to a SAR 132.9 million fair value reserve transfer from its investment in Arabian Industrial Fibers Company and completing a capital increase from SAR 135 million to SAR 300 million. The accumulated losses now stand at zero SAR, representing 0% of the company's capital.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94306&anCat=1&cs=2130&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/10515_393_2026-04-08_20-07-38_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/10515_393_2026-04-08_20-06-55_en.pdf

Important 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.

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