Announcement from the Saudi Exchange Regarding the Suspension of Trading the Shares of Makkah Construction and Development Co.
Sunday, November 13, 2022 at 8:44 AM
Due to Makkah Construction and Development Co. noncompliance with announcing its financial statements for the period ending on 30/09/2022 (nine months) during the specified period mentioned in the Rules on the Offer of Securities and Continuing Obligations
According to the Exchange’s authorities stipulated in the Listing Rules, and to the Procedures of Suspension of Listed Securities, Saudi Exchange announces that it will perform the following:
1. Suspend the trading of Makkah Construction and Development Co. shares on the Exchange for one trading day, dated on Sunday 19/04/1444H, corresponding to 13/11/2022G.
2. Makkah Construction and Development Co. shares will resume trading for twenty trading sessions starting from Monday 20/04/1444H, corresponding to 14/11/2022G, following the one-day suspension, and the company is required to announce its financial statements before the end of Sunday 17/05/1444H, corresponding to 11/12/2022G.
3. In case the company did not announce its financial statements for the period ending on 30/09/2022 (nine months) during the period stated in point (2), trading of Makkah Construction and Development Co. shares will be suspended again starting from Monday 18/05/1444H, corresponding to 12/12/2022G until the company announces its financial statements.