Nomu halts trading on Tharwah, Quara on delayed disclosure of financials

02/09/2024 Argaam
Nomutrading screen

Nomu trading screen 

The Nomu-Parallel Market placed a one-session trading halt on Altharwah Albashariyyah Co. (Tharwah) and Quara Finance Co. today, Sept. 2.

 

The decision was made for noncompliance with announcing the financial statements of the period ended June 30, 2024, during the specified period mentioned in the rules on the offer of securities and continuing obligations.

 

For more news on listed companies

 

Trading on these stocks will resume for 20 sessions as of Tuesday, Sept. 3, as the two companies were directed to disclose their financial statements before Oct. 1, 2024.

 

If any company fails to comply, the trading suspension will resume starting Oct. 2, until it announces the financial statements.

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