Nama Chemicals Company (Nama) [2210.SE] has announced its full-year 2016 financial results, showing a total net loss of SAR837.2mn compared to a net loss of SAR74.51mn in 2015. The company’s gross loss reached SAR72mn in 2016 relative to a loss of SAR24.95mn in 2015, while operating loss in 2016 came in at SAR158mn vs. a loss of SAR92.9mn in 2015. The company added that accumulated loss until end of 4Q16 was at SAR1bn, which represents 83.3% from the paid-in capital. The company also released its December 2016 monthly financials to match Tadawul’s regulations, noting that net loss marked SAR719.5mn, while gross loss were at SAR28.47mn. (Tadawul)
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