Tadawul halts trading on Sadirat for failure to disclose financials

10/09/2024 Argaam
Logo ofSaudi Industrial Export Co. (Sadirat)

Logo of Saudi Industrial Export Co. (Sadirat)

The Saudi Exchange (Tadawul) placed a trading halt on Saudi Industrial Export Co. (Sadirat) starting today, Sept. 10, until the disclosure of financial statements ended June 30, 2024.

 

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The step followed the company’s failure to announce the financial statements within the statutory period. Recently, Sadirat said it will not be able to disclose its financial results for Q2 ended June 30, 2024, by the scheduled deadline of Sept. 9.

 

On Aug. 12, Tadawul placed a one-day suspension on Sadirat’s stock due to the company's failure to disclose the second-quarter financial statements on time, Argaam earlier reported.

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