Logo of Saudi Cable Co.
The Saudi Exchange (Tadawul) suspended trading on the shares of Saudi Cable Co. (SCC) starting today, May 9, as the company failed to disclose its 2021 financial results during the regulatory period.
On May 8, the cable manufacturer said it was unable to disclose its financial results for 2021 within the specified time due to a change in external auditor’s report, Argaam reported.
In April, the company attributed the delay in disclosing its annual financial results to the need to review Zakat provision between the external auditor and Zakat advisor following obtaining the draft financial statements.
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