The general assembly of the Saudi Industrial Development Company approved Seedq to transfer part of the reserves to reduce the accumulated losses on the company.

According to Arabiya Net, the company indicated, in a statement, that the general assembly agreed to the recommendation of the Board of Directors to transfer the surplus from the statutory reserve of 8.1 million riyals to the account of accumulated losses Amounting to 25.85 million riyals until the end of last year.