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FINANCIAL NEWS
48 Saudi companies register USD3.62 b losses in Q3
18 Nov 2013
(MENAFN) Forty-eight Saudi companies have registered losses of 18 percent of their capital, or USD3.62 billion in the third quarter of the current year, according to Arab News.
Forty four companies registered USD 3.012 billion losses in the three months to October 2012, or 15 percent of their capital.
Three of the listed companies registered the majority of losses by the end of the third quarter: Mohammad Al-Mojil Group (MMG), Bisha Agriculture Development Co. (BADC) and Al-Baha Investment & Development Co. (BIDC).
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