Alujain suspended from trading pending Q2 earnings announcement

20/08/2017 Argaam

The Saudi Capital Market Authority (CMA) has suspended Alujain Corporation (Alujain) from trading as of today until the company reveals its financial statements for the period ending on June 30, 2017.

 

In a separate statement on Tadawul, Alujain said that its financial results are good, and both the company and its affiliates are resuming normal operations.

 

Alujain said it was not able to reveal Q2 results on time as the extraordinary general assembly hadn’t yet approved appointing a new auditor.

 

The company is seeking regulatory approvals to appoint its former auditor to be able to issue Q2 financial statements. In case it fails to do so, earnings will be issued after the board approves appointing a new auditor in the next general assembly meeting on Sept. 10.

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.