Zamil, Tihama halted today on failure to disclose Q3 results

12/11/2023 Argaam

Zamil, Tihama halted today on failure to disclose Q3 results

Tadawul trading screen

The Saudi Exchange (Tadawul) halted trading on the shares of Zamil Industrial Investment Co. and Tihama Advertising and Public Relations Co. as both companies did not disclose their preliminary financial statements for Q3 2023 within the regulatory period. 

 

The trading halt will be effective for today, Nov. 12, only, the Saudi Exchange (Tadawul) said in a statement.

 

The two stocks will resume trading as of Nov. 13. Both companies are required to announce financial statements before the end of Dec. 10.

 

In case the two companies fail to disclose the third-quarter financial statements, a trading halt will be placed again starting Dec. 11, until the financial results are announced.

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