Bisha official: Regulators ignore decision allowing us to resume trading

13/02/2014 Argaam

An official at the Bisha Agricultural Development Company said his company received formal approval to resume trading on the stock market after a long suspension, but regulators refuse to implement the decision.

“The Capital Market Authority and Ministry of Trade have not executed the decision which allows us to resume trading on the market,” said Abdulaziz Al-Hoshani, the company’s legal counsel.

The Saudi Capital Market Authority has suspended the trading of the company’s stock since 2007 after the company’s losses exceeded 75% of capital.

The official urged the regulatory bodies to announce the reasons behind such abstention, saying his company operates in full capacity and owns sound financial and real estate assets.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read