Trading suspended on Development Works Food, Sadirat, Nayifat

12/08/2024 ِArgaam
Tadawul trading screen

Tadawul trading screen

The Saudi Exchange (Tadawul) placed a one-day trading halt on three companies for non-compliance with the deadline to announce their financial statements for Q2 2024.

 

Trading is suspended today, Aug. 12, on Development Works Food Co., Saudi Industrial Export Co. (Sadirat), and Nayifat Finance Co. 

 

For more news on listed companies

 

Trading on these stocks will resume for 20 sessions as of Aug. 13, with the companies directed to disclose their annual financial statements before Sept. 9, 2024.

 

If any company fails to comply, the trading suspension will resume starting Sept. 10, until it announces the financial statements.

 

Tadawul set Aug. 11 as the deadline for disclosing Q2 2024 financials, and the three companies announced that they could not disclose their results within the specified period, Argaam reported. 

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