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14/05/2017 09:48 AST
With reference to the Company announcement on 20/04/2017 regarding the implementation of procedures and instructions issued by the Capital Market Authority for listed companies whose accumulated losses amounted to 20% and more of its capital in accordance to The Board of the Capital Market Authority No. 1-130-2016 dated 24/10/2016, where the accumulated losses of the Company by the end of 31/12/2016 amounted SR 29.103 million equivalent to 38.8% of its paid-up capital.Therefore and with reference to the Company announcement of its preliminary financial results for the period ending 31/3/2017 (three months) on 11/05/2017 Asharqiyah announces the adjustment of its position and the amortization of all its previously reported accumulated losses. The adjustment was captured through the implementation of the International Financial Reporting Standards (IFRS) instead of the traditional accounting standards where the Company recorded the value of the government grant reclaimed land that have not been previously assessed nor recorded in the Companys financials. With that the previously recorded accumulated losses have been converted into net retained earnings of SR 154.142 million.
Tadawul
19/12/2017
Asharqiyah Development Co. announces that the Board Member Mr. Ahmed Nasser Alzarah (Independent) has submitted his resignation from his position to the Board of Directors on 18-12-2017 with effect f
Tadawul
17/01/2016
Ash-Sharqiyah Development Co. announces of submit the Managing Director and Chief Executive Officer Mr. / Mohammed bin Ahmed Al Rahma for his resignation from the post of Member of Managing Director
Tadawul
20/01/2013
ASH-SHARQIYAH DEVELOPMENT COMPANY ANNOUNCES INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING 31/12/2012
1.the total net loss during the fourth quarter S.R1.71 million compared to S.R 5.95 m
Tadawul
| Ticker | Price | Change |
|---|---|---|
| FADECO | 70.00 | -1.50 (-2.10 |
| ALMARAI | 57.50 | 0.70 (1.23 |
| SAVOLAGROUP | 27.30 | 0.20 (0.73 |
| BALADY | 350.40 | -9.60 (-2.67 |
| SADAFCO | 378.20 | 0.60 (0.15 |
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Aldar Properties, Abu Dhabi's biggest listed developer, has raised Dh9 billion ($2.45 billion) in a sustainability-linked revolving credit facility from a syndicate of 15 UAE-based and international
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Financial Information Co.