Saudi Exchange suspends trading of seven companies over financial disclosure delays
Saudi Gazette reportRIYADH — The Saudi Exchange suspended trading for seven companies on Thursday after they missed the deadline to release their financial statements for the year ending Dec. 31, 2024.The
Saudi Gazette reportRIYADH
— The Saudi Exchange suspended trading for seven companies on Thursday after they missed the deadline to release their financial statements for the year ending Dec. 31, 2024.The companies affected include Saudi Industrial Development Co., Development Works Food Co., National Gypsum Co., Arabian Contracting Services Co., and Al Jouf Cement Co. from the Main Market, as well as Keir International Co. and Knowledge Net Co. from the Parallel Market.
Trading in their shares will resume on April 6 for 20 sessions, giving them time to publish their financial results. They must do so by May 1, to comply with market regulations.
If any of the companies fail to meet that deadline, their shares will be suspended again starting May 4, until they release their financial statements.
The Saudi Exchange said the move aligns with its rules on financial disclosures and listing requirements.
Latest Saudi Gazette
- Al-Jadaan: Crown Prince's directives confirm government's ability to bring back balance to real estate marketSaudi Gazette report RIYADH — Finance Minister Mohammed Al-Jadaan affirmed that the directives of Crown Prince and Prime Minister Mohammed bin Salman reflect the leadership's priorities in providing
- Saudi Arabia slams continued Israeli acts to destabilize SyriaSaudi Gazette report RIYADH — Saudi Arabia has strongly condemned on Thursday the recent Israeli strikes targeting five locations in Syria, which resulted in numerous civilian and military casualties.In
- Civil Defense warns of heavy rains across Saudi Arabia until MondaySaudi Gazette report RIYADH — The General Directorate of Civil Defense urged people across Saudi Arabia to exercise caution and vigil amid forecasts of thunderstorms and heavy rains that are expected
- New Laws of Commercial Registration and Trade Names take effect on ThursdaySaudi Gazette report RIYADH — The Ministry of Commerce announced that the new Law of Commercial Registration and the Law of Trade Names, along with their executive regulations, came into effect on Thursday,
- Saudi billionaires back on Forbes' list with combined assets of $55.8 billionSaudi Gazette report RIYADH — Fifteen Saudi business leaders found a place on the annual World's Billionaires list, released by Forbes magazine. The number of Saudi billionaires listed on Forbes
- OPEC+ countries agree to ramp up output by 411,000 bpd in MaySaudi Gazette report RIYADH — Saudi Arabia, Russia and six other OPEC+ countries, agreed on Thursday to boost oil supply in May 2025. The OPEC+ countries, which also include Iraq, the United Arab Emirates,
