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Saudi Cable Company announces that it has got approval from Saudi Stock Exchange (Tadawul) to trade its shares Over the Counter
| Element List | Explanation |
|---|---|
| Announcement Detail | Based on the Board of Directors’ resolution on 08/08/2023 and letter to Saudi Stock Exchange (Tadawul) to trade the company’s shares Over the Counter , accordingly, Saudi Stock Exchange (Tadawul) approved so on 08/23/2023, so the Saudi Cable Company Share will begin trading Over the Counter on Thursday 08/24/2023 AD. The company would like to clarify the reason for requesting trading its shares Over the Counter is due to the continued suspension of the Shares trading due to the delay in issuing the financial results for (fiscal year ending on 12/31/2022 AD, first quarter of 2023 AD and second quarter of 2023 AD). The Board of Directors took this decision for the benefit of the shareholders. Shares trading be resumed in the Saudi Stock Exchange (Tadawul) once the reason for suspension is eliminated. The company assures the public that it is making all the efforts to ensure that the Stock trades as soon as possible. |
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.
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