Saudi’s Al Jouf Cement, Nadec announce accumulated losses

Riyadh –  Al Jouf Cement Firm and Nationwide Agricultural Growth Firm (Nadec) have introduced their accrued losses as of the top of 2021.

Al Jouf Cement has incurred SAR 343 million in accrued losses, pushed by research that have been performed to measure the decline within the worth of belongings and spare elements and the changes made on the steadiness of retained earnings, in response to bourse filings on Sunday.

In the meantime, Nadec logged accrued losses of SAR 30.11 million representing 2.96% of the corporate’s paid-up capital.

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