Tadawul Saudi Arabia announced the suspension of trading the shares of a number of listed companies in the market for one trading session, which falls on Sunday; For not announcing the financial statements for the fiscal year 2022, within the specified statutory period.
Saudi Tadawul stated that the companies include: The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company, Medgulf - Anaam Holding Group - Al Khaleej Training and Education Company - Saudi Industrial Development Company (Sadaq) - Red Sea International Company).
It indicated that trading of company shares will resume for a period of 20 trading sessions, starting tomorrow, Monday.
She also pointed out that companies must publish the financial statements before the end of trading on Sunday, May 7, 2023, and in the event that one of the companies did not announce the financial statements during that period, the share trading will be re-suspended starting from Monday, May 8, 2023. Even the announcement of the financial statements.
On Thursday, March 30, 2023, the statutory deadline granted to listed companies to disclose their annual financial results for the year 2022, which began on January 1, ended.
And 192 companies announced their financial results for the year 2022 during the deadline, out of a total of 198 companies, whose fiscal year ends at the end of December of the calendar year.
