Saudi Industrial Development Company "SIDC" announces the decrease of its accumulated losses to 7.00 % of the Capital.

Element List	Explanation
Introduction	With reference to the company’s announcement on Tadawul’s website dated 04/05/1446 AH corresponding to 06/11/2024 AD regarding the preliminary consolidated financial results for the period ending 30/09/2024 (Nine Months), the company would like to announce the decrease of the accumulated losses from 69.08% of the capital as on 30/06/2024 to 7.00% of its current capital as on 30/09/2024 AD.
Date of accumulated losses decrease	2024-09-30 Corresponding to 1446-03-27
Amount of the Accumulated Losses	The accumulated losses as on 30/09/2024 amounted to SAR (9.45) million representing 7.00% of the capital which amounts to SAR135 Million
Percentage of the Accumulated Losses out of the Capital (%)	7.00 %
Measures Taken by the Company to Decrease Accumulated Losses	Reduced Company's Capital to amortize an accumulated losses amounting to SAR 265 million.
The external auditor’s report clarifying the financial position of the company