Saudi Arabia’s Capital Market Authority (CMA), the market regulator, said on Thursday it would suspend trading on shares of Middle East Specialized Cables Co. (MESC) indefinitely, after the company announced it would be unable to disclose its financial results by the set deadline.
After trading ended Thursday, MESC said it would not report financial results for Q415, as the figures of its 49 percent-owned affiliate Middle East Specialized Cables Company in Jordan have not yet been consolidated, the company said in a statement to Tadawul on Thursday.
The company did not provide a disclosure date.
Comments
{{DisplayName}}
{{ElapsedTime}}