Arab Polvara stock reports wider loss as lawsuit delays accounts

Arab Polvara Spinning and Weaving reported a wider net loss for the first nine months of 2026 and said approval of its financial statements had been delayed by a shareholder liability lawsuit. The figures and legal timetable were reported on November 3, 2026, by Al-Masry Al-Youm.

Losses widen as revenue declines

The company recorded a net loss of EGP 41.01 million from January through September 2026, compared with EGP 30.53 million in the same period of 2025. Revenue declined to EGP 63.48 million from EGP 68.71 million.

The reported loss increase was 34.35 percent year on year. The figures add pressure to a company already facing questions about its financial reporting and governance process.

Lawsuit delays financial approval

Arab Polvara said its board had not approved the financial statements because it had not convened while a liability case brought by a shareholder and an affiliated group remained pending. The company said the lawsuit alleges violations that harmed shareholder rights and noted that public funds hold roughly 20 percent of the company.

A hearing is scheduled for November 23, 2026, to review the case. Arab Polvara said the financial statements would be approved at the first board meeting and that the company would submit the board's decisions to the Egyptian Exchange after the meeting.

Egyptian equities provide the broader market setting for the Arab Polvara stock, as reflected in Current market reports.

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