Tihama announces inability to timely disclose Q2 2023/2024 results

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Tihama Advertising and Public Relations Co. announced its inability to publish financial results for the second quarter ended Sept. 30, 2024, within the specified deadline, according to a Tadawul statement today, Nov. 11.

Tihama attributed the delay to the non-completion of the audit process by the external auditor, as well as the company's inability to post preliminary financial statements for the period ended June 30, 2024.

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Due to the expiry of the statutory deadline for publishing the results and in accordance with the listing rules, the stock trading suspension will continue until the results are published.

The preliminary results for the period ended June 30, 2024 will likely be published before Nov. 15, 2024, and the results for the period ended Sept. 30, 2024 are expected to be disclosed on Nov. 30, 2024.

The stock has been suspended from July 30, 2024, and this will continue until the preliminary financials for the period ended June 30, 2024 are published.

The company will announce developments about its inability to publish the results monthly, with a commitment to announce immediately in the event of any material developments.