Jabal Omar delays disclosure of Q3 2020 financials

Jabal Omar Development Co. will postpone publishing Q3 2020 financial results as it still needs more time to discuss some technical issues with the auditor, so as to disclose these results in line with the International Financial Reporting Standards (IFRS).

Saudi Arabia’s Capital Market Authority (CMA) will halt trading on Jabal Omar shares as per the applicable listing regulations, the company said in a bourse statement on Wednesday.

The third-quarter financial statements are expected to be published in the regulatory timeframe specified in those regulations, the real estate developer added.