I am surprised that it is still in the Saudi market – Al-Marsad newspaper

2023-09-17 19:23:03

Al-Marsad newspaper: CEO of Taqdeer Finance, Hani Al-Ghamdi, revealed that 38% of Tihama archyde news’s revenues come from juices and foods.

He said during his intervention with Al-Ikhbariya channel: “This is strange, as the company’s field is and publicity and it has 20 subsidiaries, and its financial results show that 38% of its revenues come from juices and foods, that is, from a field completely far from its work.”

He continued: “When you speak today and explain that you have restructured the financial organization in order to obtain a capital increase, this is not the goal, but the goal is to restructure the company as a whole by getting rid of some companies, most of which, if not all of them, are making losses on the specified lists.”

He added: “We are facing a strange case study, and I am surprised that such companies are still in the Saudi market and are allowed to increase capital.

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