Saudi Tadawul allows Thimar to trade shares OTC

The decision was taken in favour of the company’s shareholders, Thimar said

  
An investor walks at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia January 18, 2016. Image used for illustrator purpose

An investor walks at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia January 18, 2016. Image used for illustrator purpose

REUTERS/Faisal Al Nasser

Riyadh –  The Saudi Stock Exchange (Tadawul) has allowed National Agricultural Marketing Company (Thimar) to trade its shares over-the-counter (OTC) starting as of Sunday, 6 September 2020.

The decision was approved by the company’s board on 25 August due to delays in issuing the financial statements for the third and fourth quarters of 2019 as well as for the first and second quarters of 2020, according to a bourse filing on Thursday.

The decision was taken in favour of the company’s shareholders, Thimar said, noting that it is exerting its maximum efforts to remove the suspension at the soonest.

Source: Mubasher

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