Announcement from the Saudi Stock Exchange Company (Tadawul) Regarding the Suspension of Trading the Shares of The Mediterranean and Gulf Insurance and Reinsurance Company

Sunday, April 01, 2018 at 8:38 AM

Sun Apr 1, 2018 08:38

Due to failure of The Mediterranean and Gulf Insurance and Reinsurance Co. 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 the Offer of Securities and Continuing Obligations issued 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. 
Accordingly, The Saudi Stock Exchange Company (Tadawul) has exercised its power 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 suspend trading the shares of The Mediterranean and Gulf Insurance and Reinsurance Co. on the Saudi Stock Exchange starting from Sunday 15/07/1439H, corresponding to 01/04/2018G until the The Mediterranean and Gulf Insurance and Reinsurance Co announces its financial statements (annual financial results ending on 31-12-2017).