| Element List | Explanation |
|---|---|
| Date of Realization of the Loss | 2026-04-28 Corresponding to 1447-11-11 |
| Date of Notifying the Board of Directors with the Accumulated Loss | 2026-04-28 Corresponding to 1447-11-11 |
| Amount of the Accumulated Losses | 26389520 |
| Percentage of the Accumulated Losses out of the Capital (%) | 99.21 % |
| Major Reasons Leading to the Losses | Decrease in sales due to weak liquidity. Impairment of goodwill resulting from the valuation, charged to the statement of income for SAR 8.5 million. Recognition of an expected credit loss provision arising from the acquisition for SAR 3 million. Increase in finance costs by SAR 1.1 million, representing sukuk issuance interest during 2025. Increase in depreciation after the valuation of the factory’s assets by SAR 1.1. |
| Last day for board of directors to publish the recommendation for the Accumulated Losses | 27/06/2026 |
| Last day for board of directors to publish the EGM invitation to consider the company’s continuation | 26/08/2026 |
| Application of the Procedures and Instructions | Procedures and Instructions Applicable on Companies Listed in Saudi Capital Market Whose Accumulated Losses Reach 50% or more out of the Capital Thereof will be Applied |
