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Fawaz Abdulaziz Alhokair Co. (Cenomi Retail) Announces The Decrease of its Accumulated Losses to 10.0% of the Capital
| Element List | Explanation |
|---|---|
| Introduction | In reference to the Company’s Announcement dated 21/01/1445H corresponding to 08/08/2023G, of its interim financial results for the period ended on 30/06/2023G (Six Months), Fawaz Abdulaziz Alhokair Co, (Cenomi Retail) announce the company’s accumulated losses decreased from 29.3% as on 31-03-2023G, to 10% as on 30-06-2023G, from the current company’s capital of 1,147,664,480 SR. |
| Date of accumulated losses decrease | 2023-06-30 Corresponding to 1444-12-12 |
| Amount of the Accumulated Losses | The accumulated losses are now 10% |
| Measures Taken by the Company to Decrease Accumulated Losses | As of 1st Jan 2023, accumulated losses were SR 292M (25% of Share Capital), which decrease to SR 115M (10% of Share Capital)as of 30 June 2023 Following 2 components lead to decrease in Accumulated Losses: i) Restatement impact SR77M as of 1st January 2022, and ii) SR112M profit for 6 months period ended 30 June 2023. |
| Auditor's Report showing the Financial Position of the Company after the Decrease of the Accumulated Losses |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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