Purple Sea recommends extinguishing the accrued losses utilizing the difficulty premium amounting to 295.7 million riyals

Purple Sea Worldwide Firm emblem

Purple Sea Worldwide Firm introduced that its Board of Administrators issued a decision by circulation on November 23, 2025, recommending to the corporate’s Unusual Basic Meeting using all the share premium steadiness, amounting to 295.69 million riyals, to extinguish the accrued losses..

The corporate stated in a press release on Tadawul that if the corporate’s shareholders conform to extinguish the rest of the accrued losses through the use of all the steadiness of the difficulty premium, it’s anticipated that the proportion of accrued losses will grow to be lower than 1% of the corporate’s capital, based on the corporate’s monetary place as of September 30, 2025.

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She added that she’s going to take the mandatory measures to current the advice to the corporate’s odd normal meeting to vote on it, and also will announce the newest developments associated to this regard as quickly as they happen.

In line with knowledge numbersThe extraordinary normal meeting of the corporate authorized Purple Sea Worldwide Not too long ago, it elevated the corporate’s capital by 59.64% by transferring money owed owed to quite a lot of events, by issuing 18.03 million new shares of their favor.

The conversion issue was 26.4 riyals, which represents a problem premium of 16.4 riyals over the nominal worth of the share, with a complete quantity of 295.69 million riyals for all new shares (difficulty premium steadiness).