Tihama Advertising and Public Relations Co. announced its inability to publish its financial results for the third quarter ended Dec. 31, 2024, within the specified deadline, according to a Tadawul statement today, Feb. 10.
Tihama attributed the delay to the non-completion of the audit process by the external auditor. It now expects to post financial results for Q3 on March 12, 2025.
According to data available with Argaam, Tadawul lifted, on Jan. 2, the suspension on the company’s shares, after the company disclosed its financial results for the interim period ended Sept. 30, 2024.
Tadawul suspended trading in Tihama's shares on July 30, 2024, pending the release of its financial statements.
Due to the expiry of the statutory deadline for posting the financial statements, the statutory procedures will be applied in accordance with subparagraph (1) of paragraph (c) of Article 36 of the Listing Rules, said the company.
Developments in the inability to post the financial results will be announced monthly, with a commitment to announce without delay in the event of any substantive developments, it added.
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