MRNA delays Q1 2026 financials pending subsidiary board finalization

Logo of Morabaha Marina Financing Co. (MRNA)

Morabaha Marina Financing Co. (MRNA) said it is unable to post interim financial results for Q1 2026 within the regulatory timeframe.

In a Tadawul statement, the company attributed this day to not completing the procedures for approving the new board of directors of its subsidiary Digital Payments Company for Financial Technology (Loop).

MRNA affirmed its commitment to full compliance with all relevant regulations and will disclose its findings as soon as the regulatory requirements are met. A trading suspension will be implemented on the company’s shares as of May 13, 2026.

It also confirmed that the interim financial statements will be published immediately upon receipt, after being approved by the authorized parties.

The company expects to publish the interim financial statements for Q1 2026, no later than June 17, 2026.

The procedures for the suspension of trading of listed securities will be applied to the company in accordance with the Listing Rules.

The company will announce monthly updates regarding its inability to publish the financial results and will ensure timely disclosure without delay if any material developments arise.