Jul 13 2005 |
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Saudi Arabia: CMA Allows Baha Stock to Trade Again
Jeddah - The Capital Market Authority (CMA) board issued a decision yesterday to allow the stock of Baha Investment and Development to trade again starting tomorrow. The board made its decision after it reviewed the legal accountant's report on the company's financial records that took care of the reservations made on last year's accounting report.It also reviewed the changed financial records for the first quarter of 2005 which reflected the points made on last year's financial report. These changes showed an increase in accumulative losses in March 31, 2005 from SR36.88 million to SR49.35 million and so the shareholders' rights decreased by SR12.47 million to become SR66.39 million.
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