Saudi Arabian Amiantit Co. narrowed losses by 56% in 2021 

Saudi Arabian Amiantit Co. narrowed losses by 56% in 2021 
As of the closing bell on Thurs. March 31, Amiantit shares edged 0.87 percent lower at SR45.45 (Amiantit Group)
Short Url
Updated 31 March 2022
Follow

Saudi Arabian Amiantit Co. narrowed losses by 56% in 2021 

Saudi Arabian Amiantit Co. narrowed losses by 56% in 2021 

RIYADH: Water equipment and engineering services firm Saudi Arabian Amiantit Co. narrowed its losses by 56 percent to SR171 million ($25.6 million) in 2021.

A decrease in zakat provision, and the sale of stakes in subsidiaries in Morocco and Egypt contributed to the results, according to a bourse filing.

As of the closing bell on Thurs. March 31, Amiantit shares edged 0.87 percent lower at SR45.45.