Al-Khodari expects to disclose FY18 results by Sept. 22

Abdullah A. M. Al-Khodari Sons Co. expects to disclose its financial statements for the fiscal year ending on Dec. 31, 2018 before Sept. 22, 2019, the company said in a bourse statement.

The firm said that the first draft of its work plan and financial restructuring has been prepared as per the regulatory requirements.

The draft, however, is yet to be handed over and discussed with the external auditor, hence the delay in revealing the fiscal results on time, it said.

The relevant financial impact cannot be defined at present, the statement added.

According to data compiled by Argaam, the company said on Aug. 1 that it expects to reveal its financial statements for FY18 before the end of August.

Tadawul placed on April 30 a trading halt on the company’s shares until it discloses its fiscal financial statements.