Riyadh - Mubasher: Saudi Industrial Export Company (SIEC) has decreased its accumulated losses to SAR 20.68 million, representing 10.64% of the capital.
This step was made after the company had increased its capital to raise the financial solvency and expand the company's businesses, according to a bourse filing on Monday.
It is noteworthy to mention that on 11 May, the shareholders of SIEC have agreed to increase its capital by SAR 172.80 million, representing 800% of the capital.
