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In continuance to the role of the Capital Market Authority "CMA" in regulating and developing the capital market, and based on the Capital Market Law issued by the Royal Decree No. (M/30) Dated 02/06/1424H, the CMA Board has issued its resolution Approving the amendment of paragraph (C) of Article 5 of Procedures and Instructions Related to Listed Companies with Accumulated Losses Reaching 20% or More of their Share Capital, in accordance with the provisions of Article 150 of the Companies Laws. The amendment clarifies the periods to be announced by the company in accordance with Article 150 of the Companies Law.

Instructions and Procedures Related to Listed Companies with Accumulated Losses Reaching 20% or More of their Share Capital can be viewed via the following link:

Procedures and Instructions Related to Listed Companies with Accumulated Losses Reaching 20% or More of their Share Capital