Saudi Arabian Amiantit Co. narrowed losses by 56% in 2021 

RIYADH: Water equipment and engineering services firm Saudi Arabian Amiantit Co. narrowed its losses by 56 percent to SR171 million ($25.6 million) in 2021.

A decrease in zakat provision, and the sale of stakes in subsidiaries in Morocco and Egypt contributed to the results, according to a bourse filing.

As of the closing bell on Thurs. March 31, Amiantit shares edged 0.87 percent lower at SR45.45.