Saudi Fisheries Accumulated Losses Reach 50% of Capital

30/10/2014 Argaam

The Capital Market Authority suspended trading of Saudi Fisheries Co. for two hours on Thursday morning after the company’s accumulated losses reached 50.15 percent of its capital, according to Tadawul.

 

The company was also tagged with a yellow flag next to its name on the Tadawul website.

 

Bourse-listed companies that accumulate losses equal to 50 percent or more of their capital are placed in a trading halt, according to Saudi’s market regulator. 

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