The Saudi Financial Market Company traded, suspending shares of shares of 7 companies listed given its lack of commitment to announce the annual financial statements 2020 during the regular period specified in the rules of launching securities and ongoing obligations issued by the Capital Market Authority Council.
According to Arab Net, Tadawul said in a statement that the outstanding companies shares in the main market is Raidan Food and Saudi Cable Company and the Saudi Industrial Exports Company, the Arab Pipeline Company, Al Baha Investment and Development Company, as well as the Safety Insurance Company.
In the parallel market, trading shares of food development company suspended.
According to the market's powers set forth in the rules of insertion and to suspend the trading of securities listed, the fall of companies in the market for one trading session on Thursday.
She followed: Corporate trading resumes for 20 trading sessions starting on Sunday (April 4, 2021 follows the session, which has been suspended, and companies must publish the financial statements before the end of Thursday, April 29, 2021.
Tadawul explained that if a company did not declare the financial statements during the period, the arrow trading will be re-suspended from Sunday, May 2, 2021, until its announcement of financial statements.
