IssuerAnnouncementDetailsV2Portlet
Nayifat Finance Co. announces its inability to post interim financial results for the period ended on 2024-06-30(Six Months)
Element List | Explanation |
---|---|
Introduction | The Company would like to clarify to our shareholders that it will not be able to publish its interim financial results for the period ending on 30-06-2024 (six months) within the statutory deadline. |
The reason and obstacles for the inability to post the financial results within the legal period | The company would like to clarify that its inability to publish its interim financial results for the period ending on 30-06-2024 (six months) within the statutory period is due to the non-completion of the external auditor's work to complete the audit process of the financial statements as the company is still working on submitting the external audit requirements to finalize the audit process for publishing its financial statements as soon as possible. |
A timetable for the procedures taken or to be taken by the company to post the financial results | The company confirms publishing the financial statements upon the receipt of the final draft and the external auditor report after getting the required approvals from authorized personnel. |
The expected date for posting the financial results | The Company expects the external auditor to complete the audit process and publishing the interim financial statements for the period ending on 30-06-2024 (six months) no later than 08-09-2024. |
The date of suspending the trading of listed securities | 2024-08-12 Corresponding to 1446-02-08 |
Additional Information | Note that the procedures for suspending the trading of listed securities will be applied in accordance with the Listing Rules, and the company will announce the developments of the inability to publish the financial results on a monthly basis, while adhering to the announcement without delay in the event of any material developments. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.