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23/08/2021
Announcement from the Saudi Exchange Regarding the Suspension of Trading the Shares of Al Sagr Cooperative Insurance Co. and Middle East Specialized Cables Co.
Due to Al Sagr Cooperative Insurance Co. and Middle East Specialized Cables Co. noncompliance with announcing its financial statements for the 2nd quarter 2021 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, Saudi Exchange announces that it will perform the following:
1. Suspend the trading of Al Sagr Cooperative Insurance Co. and Middle East Specialized Cables Co. shares on the Exchange for one trading day, dated on Monday 15/01/1443H, corresponding to 23/08/2021G.
2. Al Sagr Cooperative Insurance Co. and Middle East Specialized Cables Co. shares will resume trading for twenty trading sessions starting from Tuesday 16/01/1443H, corresponding to 24/08/2021G, following the one-day suspension, and the companies are required to announce its financial statements before the end of Monday 13/02/1443H, corresponding to 20/09/2021G.
3. In case the companies did not announce its financial statements for the 2nd quarter 2021 during the period stated in point (2), trading of Al Sagr Cooperative Insurance Co. and Middle East Specialized Cables Co. shares will be suspended again starting from Tuesday 14/02/1443H, corresponding to 21/09/2021G until the companies announces its financial statements.
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