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Al-Batal urges to clear 10M riyals losses
Al Batal Chemical Industries Company announced a plan to address its accumulated losses, which amounted to 74.29% of its capital, aimed at improving financial performance and ensuring operational sustainability. The measures include collecting due insurance compensations and restructuring equity. The management recommended converting 10 million riyals from the issuance premium into accumulated losses to reduce the loss ratio. The company remains committed to continuing its activities despite losses exceeding half of its capital. The recommendations are based on positive indicators in its performance for 2026, pending approval from the shareholders at the upcoming meeting.
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