Sadirat announces the Board of Directors’ approval to close the company’s branch (Sara Medical Supplies Factory)
The Saudi Industrial Export Company announces the approval of the decision of the Board of Directors in its meeting held on 29/04/1444 AH corresponding to 11/23/2022 AD to close its branch (Sara Medical Supplies Factory)
Financial results for the period ending on 06-30-2022 (Six Months)
The increase in net loss during the current quarter 2022 compared to the same quarter for the previous year 2021 is due to the decrease in sales caused by the delay in liquidity which it should be received from the increase in the company’s capital, as well as a recognizing Impairment of receivables and other current assets which include advance to suppliers and VAT
Regarding the board’s recommendation to increase the company’s capital
Referring to the company’s announcement on 10-11-2020AD regarding the board’s recommendation to increase the company’s capital by offering priority rights shares.
The Saudi Industrial Export Company (Sadirat) would like to announce to the shareholders the decision of the Board of Directors dated 22/05/1443 AH corresponding to 12/26/2021 AD to amend the Board’s recommendation related to increasing the company’s capital to the Extraordinary General Assembly to reduce the company’s capital and then increase the capital The company’s money after the reduction.
The signing of a memorandum of understanding
Saudi Industrial Exports Company announces the signing of a memorandum of understanding with Science Technology for Development and Industrial Investment Company, S&K Aerospace Middle East Branch and Rekaz National Capital to cooperate in the establishment and success of Ataad, a company specializing in supply chains and logistics for the military and defense industries.