Al-Baha unable to disclose 2020 financials on time

31/03/2021 Argaam

Al-Baha Investment and Development Co. said in a bourse filing today, March 31, 2021, that it was unable to disclose its financial results for 2020 on the Saudi Stock Exchange (Tadawul) within the specified time.

 

The company said that its inability to publish the annual financial results is due to failure to complete the requirements of the review process for the consolidated financial statements for 2020 before March 31, 2021, so far by the external auditor.

 

Al-Baha expects the external auditor to complete the audit work and publish the consolidated annual financial statements before April 27, 2021.

 

Trading will be suspended on the stock as per the listing rules announced by Tadawul on March 25, 2019, the statement concluded.

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