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In line with the Kingdom’s Vision 2030 AD, and our project to build a human being, we believe in the importance of preserving the Arab spirit and cultural values that distinguish us as a people, and at the same time we realize that development and progress are necessary to interact with the modern world and the future.

Alkhaleej Training and Education Co. Announces the Decrease of its Accumulated Losses to 6 % of the Capital

Element List Explanation
Introduction In reference to the announcement of Alkhaleej Training and Education Company on 31/03/2024 regarding the annual financial results for the period ending on 31/12/2023 Alkhaleej Training and Education Company would like to announce to its shareholders the decrease in accumulated losses from 28,726% to 5,9477% of the company’s current capital of SAR 650,000,000 on 09/05/2024
Date of accumulated losses decrease 2024-03-31 Corresponding to 1445-09-21
Amount of the Accumulated Losses 38,660,366 riyals
Percentage of the Accumulated Losses out of the Capital (%) 6 %
Measures Taken by the Company to Decrease Accumulated Losses Transferring the statutory reserve of 83,043,571 SAR to retained earnings in addition to the positive results for the first quarter of 2024
The external auditor’s report clarifying the financial position of the company

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