“Tadawul suspends the shares of 3 companies for delaying the announcement of second quarter results

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The Saudi Stock Exchange (Tadawul) has decided to suspend trading on the shares of (Wafra for Industry and Development, Al-Lajin, and Abdullah Abdul Mohsen Al-Khodari Sons), due to their failure to announce their financial statements for the period ending June 30, 2018, within the statutory period.

Tadawul said on its website that the shares of the three companies will be suspended on Sunday, August 12, until the financial statements are announced. Tadawul said on its website that trading in the shares of the three companies will be suspended as of Sunday, August 12, until the announcement of the financial statements.

Tadawul said on its website. <Last Thursday, August 9, 2018, the statutory period for listed companies to announce their financial statements for the period ending June 30 expired.

Al-Lajin announced on August 5 that it was unable to publish its financial results for the second quarter 2018 on time on the Saudi Stock Exchange (Tadawul) website due to an associate company.

Al-Lajin announced on August 5 that it was unable to publish its financial results for the second quarter 2018 on time. On August 9, Al-Khodari announced that it was unable to publish its second quarter 2018 financial results on time, as the company is still in the process of fulfilling some of the requirements of the recently appointed auditor.

On August 9, Al-Lajeen announced that it was unable to publish its second quarter 2018 financial results on time on the Tadawul website due to an associate company.