Corrective announcement from the National Gypsum Company regarding the financial results for the year ending on 2024-12-31
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2025-04-21 Corresponding to 1446-10-23 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | Accumulated Losses (0.22%) |
| Correct Statement | Accumulated losses (21.7%) |
| Additional Information | The main reasons that led to these losses are:
The National Gypsum Company clarifies that following a decision by the Competition Authority to impose a financial penalty on the company amounting to (10.7 million Saudi Riyals), this resulted in recording exceptional financial losses during the period.
Procedures and instructions applicable to companies listed on the Saudi financial market that have accumulated losses of 20% or more of their capital will be implemented. |
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