Logo ofSaudi Industrial Development Co. (SIDC)
Saudi Industrial Development Co. (SIDC) said its accumulated losses fell to 0% by the end of 2025, from 26.64% of capital as of Sept. 30, 2025. 
SIDC noted a correction in accounting treatment as a key factor in wiping off the accumulated losses.
This relates to the reclassification of the fair value reserve of financial assets through other comprehensive income, linked to its stake in Arabian Industrial Fibers Co. (Ibn Rushd), the company said in a Tadawul statement.
The reserve, which stood at SAR 132.9 million, was earlier transferred to accumulated losses before derecognizing the related asset. The adjustment was reversed by reinstating the reserve fair value within equity through other comprehensive income.
SIDC also cited a capital increase to SAR 300 million from SAR 135 million.
Logo ofSaudi Industrial Development Co. (SIDC)
Saudi Industrial Development Co. (SIDC) said its accumulated losses fell to 0% by the end of 2025, from 26.64% of capital as of Sept. 30, 2025.
SIDC noted a correction in accounting treatment as a key factor in wiping off the accumulated losses.
This relates to the reclassification of the fair value reserve of financial assets through other comprehensive income, linked to its stake in Arabian Industrial Fibers Co. (Ibn Rushd), the company said in a Tadawul statement.
The reserve, which stood at SAR 132.9 million, was earlier transferred to accumulated losses before derecognizing the related asset. The adjustment was reversed by reinstating the reserve fair value within equity through other comprehensive income.
SIDC also cited a capital increase to SAR 300 million from SAR 135 million.
