Announcement from the Saudi Stock Exchange (Tadawul) Regarding the Suspension of Trading the Shares of Salama Cooperative Insurance Co.
Wednesday, August 26, 2020 at 8:45 AM
Wed Aug 26, 2020 08:45
Due to Salama Cooperative Insurance Co. noncompliance with announcing its financial statements 2rd quarter 2020 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, The Saudi Stock Exchange Company (Tadawul) announces that it will perform the following:
1. Suspend the trading of Salama Cooperative Insurance Co. shares on the Exchange for one trading day, dated on Wednesday 07/01/1442 H, corresponding to 26/08/2020G.
2. Salama Cooperative Insurance Co. shares will resume trading for twenty trading sessions starting from Thursday 08/01/1442 H , corresponding to 27/08/2020G, following the one day suspension, and the company is required to announce its financial statements before the end of Thursday 07/02/1442 H, corresponding to 24/09/2020G.
3. In case the company did not announce its financial statements 2nd quarter 2020 during the period stated in point (2), trading of Salama Cooperative Insurance Co. shares will be suspended again starting from Sunday 10/02/1442 H , corresponding to 27/09/2020G. until the company announces its financial statements 2nd quarter 2020