Riyadh – Mubasher: Tabuk Agricultural Development Company (TADCO) said its accumulated losses have reached SAR 22.01 million, which represents 5.6% of the capital, until 3 May 2021.
TADCO has disclosed a correction on 23 May after it said last week the accumulated losses had accounted for 9% of the capital.
The company has restructured the shareholders' equity by offsetting SAR 68.19 million from the accumulated losses through full usage of the statutory reserve.
