Trading in shares of nine companies will be suspended tomorrow due to their inability to publish financial results
The companies include Nama Chemicals, Exports, Takween, Bahr Al Arab, Al Jouf Cement, Production, United Insurance, Kemanol, and Al Dawaa.
According to the listing rules, failure to publish periodic financial information on time results in the suspension of trading in the security for one session after the end of the regulatory disclosure period, after which trading will resume for 20 sessions, which is an additional period during which the company must make an announcement so that trading of the stock does not stop until the disclosure is made.
Unlist
Continuing the suspension for more than a month allows the company to request trading of its securities off-platform, while it may end up being delisted if the suspension continues for 6 months without correcting the situation.
The disclosures show that the most common reason for not being able to publish among these companies is the incompleteness or continuation of the audit work with the external auditor, a reason that was repeated in similar forms by 6 companies: Namaa, Sadarat, Takween, Arab Agricultural and Industrial Investment, Kemanol, and Al-Dawaa.
Overall, this reflects that the delay is not related to a decision to refrain from publishing, but rather to the incompleteness of the accounting procedures and the final review of the financial statements.
Nine companies listed on the Saudi market will face a suspension of their stock trading tomorrow (Wednesday), after failing to publish their annual financial results for 2025 within the regulatory deadline, according to disclosures issued by them on the “Tadawul” website.
The companies include Nama Chemicals, Export, Takween, Bahri, Al-Jouf Cement, Production, United Insurance, KimaNol, and Al-Dawaa.
According to listing rules, failure to publish periodic financial information on time results in the suspension of trading of the security for one session after the expiration of the regulatory disclosure deadline, after which trading will resume for 20 sessions, which is an additional period during which the company must announce to avoid the stock being suspended until disclosure is made.
Delisting
If the suspension continues for more than a month, the company is allowed to request trading of its securities outside the platform, while the situation may lead to delisting if the suspension lasts for 6 months without rectifying the situation.
The disclosures indicate that the most common reason for the inability to publish among those companies is the incompleteness of the audit work or its continuity with the external auditor, a reason that has been repeated in similar terms for 6 companies: Nama, Export, Takween, Arab Agricultural and Industrial Investment, KimaNol, and Al-Dawaa.
Overall, this reflects that the delay is not related to a decision to refrain from publishing as much as it is related to the incompleteness of accounting procedures and the final audit of the financial statements.
