SAMA urges Weqaya to complete earnings restatement procedures

02/08/2015 Argaam

The Saudi Arabian Monetary Agency, the kingdom’s central bank, has urged Weqaya Takaful Insurance & Reinsurance Co. (Weqaya) to complete all procedures and requirements related to the restatement of its earnings, in coordination with auditing firm PKF.

 

SAMA, which also regulates the country’s insurance sector, has set an August 23 deadline for Weqaya’s 2013 fiscal year earnings, the company said in a statement to Tadawul.

 

Submission for restated results covering Q1, Q2, and Q3 of 2014 are due on September 6.

 

The deadline for restated results for the full 2014 fiscal year, Q1-2015 and Q2-2015 has been set for October 1.

All documents must be audited and approved by a third party before submission.

 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.