Saudi Cable expects to disclose 2021 financials on May 8

21/04/2022 Argaam
Logo of Saudi Cable Co.

Logo of Saudi Cable Co.

Saudi Cable Co. expects the external auditor to complete the audit process and publish the annual financial statements for 2021 before May 8, 2022, according to a bourse filing today, April 21.

 

The company cited the delay in disclosing its financial results for 2021 within the specified time to need to review Zakat provision between the external auditor and Zakat advisor following obtaining the draft financial statements.

 

Trading will be suspended on the stock as per the listing rules announced by the Saudi Exchange (Tadawul) on March 25, 2019, the cable manufacturer concluded. On March 31, Saudi Cable Co. said that it was unable to disclose its financial results for 2021 within the specified time, expecting to be published on April 21, 2022, according to data compiled by Argaam.

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