MRNA trading suspended over delayed financial disclosure

18/05/2025 Argaam
Logo ofMorabaha Marina Financing Co. (MRNA)

Logo of Morabaha Marina Financing Co. (MRNA)

The Saudi Exchange (Tadawul) placed a one-session trading halt on shares of Morabaha Marina Financing Co. (MRNA) on May 18.

 

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The suspension followed MRNA’s failure to disclose its financial statements for the period ending March 31, 2025, within the deadline set by the Rules on the Offer of Securities and Continuing Obligations.

 

Trading in MRNA shares is set to resume on May 19 for 20 trading sessions. The company is required to publish its financial results by June 19.

 

If MRNA fails to release the financial statements by the June 19 deadline, Tadawul will impose another trading halt starting June 22, which will remain in place until the disclosure is made.

 

MRNA attributed the delay to the transition from its previous external auditor to PricewaterhouseCoopers Professional Services, which has slowed the completion of the financial review process, according to data compiled by Argaam.

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