Logo of Saudi Industrial Export Co.
The Saudi Exchange (Tadawul) will lift the trading suspension on Saudi Industrial Export Co. (SIECO) tomorrow, June 30, after the company published its interim financial results for the period ending on March 31, 2021, according to a bourse filing.
The exchange exercised its powers stipulated in the Listing Rules to lift the suspension.
Tadawul halted trading on the company’s shares as of April 29, as the company’s audit report contained a disclaimer of opinion on the financial statements for the period ending on Dec. 31, 2020.
The company reported a net loss of SAR 2.6 million in Q1 2021, compared to a net profit of SAR 220,000 net profit in the year-ago period.
The company’s stock closed its last trading session, dated April 28, at SAR 105.
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