Introduction

Referring to Mobile Telecommunication Company Saudi Arabia “Zain KSA” announces its Annual Consolidated Financial Results for the Year Ending on 2020-12-31 on Tadawul website in 18-02-2020. Zain KSA announces a decrease in its accumulated losses from SAR 1,608 million for 2019 representing 27.5% of its Share Capital of SAR 5,837 million to 0.60% of its Share Capital of SAR 8,987 Million.

Date of accumulated losses decrease

2020-12-31 Corresponding to 1442-05-16

Amount of the Accumulated Losses

SAR 54 million

Measures Taken by the Company to Decrease Accumulated Losses

This decrease is due to reducing the company's capital by 1,350 SAR in addition to FY profit of SAR 260 Million .accumulated losses have been results from the right issue cost of SAR 56 Million

Auditor's Report showing the Financial Position of the Company after the Decrease of the Accumulated Losses

attached