Al Jouf Cement Co. stated that it was unable to publish its consolidated financial results for 2025 within the specified time, according to a Tadawul statement.
This is due to the ongoing audit of the statements, in addition to the existence of substantial differences in some inventory items, the cement producer said. It added that these items are currently under review by the management and the audit committee, in coordination with the external auditor, to determine the appropriate accounting treatment.
The company is currently working on completing the audit process in coordination with the external auditor, pending approval of the financial statements by the competent company parties.
The statements are expected to be published during the statutory deadline no later than April 29.
Trading on Al Jouf Cement’s stock will be suspended as of April 1, in accordance with the listing rules, the company said.
It added that it will periodically disclose any updates related to this matter, along with any relevant material developments, to ensure a high level of transparency and protect shareholders' interests.
The Saudi-listed cement producer had posted a net loss of SAR 63.7 million for 9M 2025, compared with SAR 27.7 million a year before, according to Argaam data.
Be the first to comment
Comments Analysis: