The losses of Taiba Investment Company increased by 63.46% to reach 38.38 million riyals in the third quarter of 2021, compared to losses of about 23.48 million riyals in the same quarter of 2020.
According to Arabia Net, on a quarterly basis, Taiba investment losses increased by 197.98% in the third quarter of 2021, compared to losses of about 12.88 million riyals in the second quarter of 2021. .
The company said in a statement on the Saudi Tadawul, today, Monday, that the reason for the increase in the net loss for the third quarter of this year compared to the net loss for the same quarter of the previous year is due to the decrease Revenues due to the continuing repercussions of the effects of the Corona - Covid 19 pandemic on the main activity of Thebes.
The company turned to a loss in the first nine months of this year, to record 53.17 million riyals, compared to profits of about 106.91 million riyals in the same period of 2020.
