Saudi Tadawul upholds Go trading suspension

Go was suspended from trading due to its failure to announce due financial statements.

  
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) announces continuing the suspension of trading Etihad Atheeb Telecommunication Company (GO) stock.

Go was suspended from trading due to its failure to announce due financial statements.

As for the most recent disclosers by the company for the last three quarters of 2019, Tadawul noted that the company auditors’ report contained a disclaimer of conclusion on the financial results.

The suspension will continue until the company announces that the disclaimer of the conclusion is removed, the Saudi exchange noted.

Source: Mubasher

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