Sunday, April 15, 2018 at 8:24 AM
Sun Apr 15, 2018 08:24
Referring to the Saudi Stock Exchange Company (Tadawul) announcement on 15/07/1439H, corresponding to 01/04/2018G regarding the suspension on trading the shares of The Mediterranean and Gulf Insurance and Reinsurance Co. on the Saudi Stock Exchange starting from 15/07/1439H, corresponding to 01/04/2018G as the Company failed to commit to announce its financial statements (company's annual financial results ending on 31-12-2017) during the specified period mentioned in the Rules on Offer of Securities and Continuing Obligations approved by the Board of the Capital Market Authority pursuant to its Resolution no. (3-123-2017) dated 9/4/1439H, corresponding to 27/12/2017G.
The company published on 26/07/1439H, corresponding to 12/04/2018G its financial statements (annual financial results ending on 31-12-2017), and therefore, the Saudi Stock Exchange Company (Tadawul) has exercised its powers stipulated in the Listing Rules approved by the Board of the Capital Market Authority pursuant to its Resolution no. (3-123-2017) dated 9/4/1439H, corresponding to 27/12/2017G to lift the suspension on trading the Company’s shares starting from Sunday 29/07/1439H, corresponding to 15/04/2018G.
