Thimar clarifies reasons for OTC trading

03/09/2020 Argaam

National Agriculture Marketing Co. (Thimar) said that the reason for applying for over the counter (OTC) trading is related to the delay in publishing financial statements for Q3 2019, Q4 2019, Q1 2020 and Q2 2020.

 

The company said in a bourse statement that this procedure comes in line with its keenness on shareholders’ benefits, noting that trading of shares will resume upon publishing the delayed financials.

 

On Wednesday, Tadawul approved Thimar’s request to permit the trading of its shares over the counter, Argaam reported.

 

Trading of Thimar shares was suspended on Dec. 11, 2019.

 

The company's shares closed at SAR 17.20 in the last trading session.

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