Nama Chemicals Co. Announces its accumulated loses reaching 27 % of its capital
| Element List | Explanation |
|---|---|
| Introduction | Nama Chemicals Company announces that its Accumulated Losses have reached 27% of its Capital amounted to SAR 235,200,000 , based on the non-audited financial statements for the period ending on 30.04.2025 (closed on 21/11/1446H corresponding to 19/5/2025G). |
| Date of Realization of the Loss | 2025-04-30 Corresponding to 1446-11-02 |
| Amount of the Accumulated Losses | SR 63,504,230 (Sixty Three Million Five Hundred Four Thousand Two Hundred Thirty Saudi Riyals only). |
| Percentage of the Accumulated Losses out of the Capital (%) | 27 % |
| Major Reasons Leading to the Losses | The main reasons for the Accumulated Losses are mainly due to delays in receiving the Raw Materials and limited financing sources for the working capital.
Also, it is due to the impact of the shutdown of the plans for the periodical maintenance performed in April 2025 (previously announced). |
| Application of the Procedures and Instructions | Procedures and Instructions Applicable on Companies Listed in Saudi Capital Market Whose Accumulated Losses Reach 20% or more out of the Capital Thereof will be Applied |
| Additional Information | The Board of Directors and Executive Management are working to find the best solutions to reduce the Accumulated Losses and the burden on the company. |
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