Saudi Tadawul suspends trading of Thimar

This is due to the company not disclosing its financial statements for the third quarter (Q3) of 2019, during the specified period

  
A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose.

A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose.

REUTERS/Ahmed Yosri

Riyadh – The Saudi Stock Exchange (Tadawul) announced that trading the share of the National Agricultural Marketing Company (Thimar) will once again be suspended.

This is due to the company not disclosing its financial statements for the third quarter (Q3) of 2019, during the specified period.

Trading the share of Thimar was suspended on 12 November for one day, and in the following day, the Saudi Capital Market Authority (CMA) imposed a SAR 40,000 fine on the company due to its violation of market disclosure rules.

Source: Mubasher

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