RIYADH: Saudi-listed Al-Jouf Cement Co. has received its shareholders’ approval to reduce its capital by 24 percent in order to change its capital structure and amortize its debt.
Its capital has been cut from SR1.43 billion ($381 million) to SR1.09 billion, with 108 million shares being reduced from 143 million, according to a bourse filing.
The cement producer suffered a 93 percent decline in profits during the first half of 2022 to SR1.8 million.
Donald Trump says he has cancelled strikes against Iran provided a deal was struck "rapidly"…
In the frontline village of Bezruky which sits in the Kharkiv region – just half…
Israelis in the West Bank are still subject to Israel's civilian law and enjoy widespread…
The announcement has, so far, been met with little enthusiasm in Gaza, though some people…
There are many reasons why it might not work. At the same time, it is…
Dr Xand van Tulleken and Professor Sunita Sar explore why we follow advice we suspect…