Announcement from the Saudi Exchange Regarding the Suspension of Trading the Shares of Ash-Sharqiyah Development Co.

Due to Ash-Sharqiyah Development Co. noncompliance with announcing its financial statements period ending on 2024-09-30 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 Ash-Sharqiyah Development Co. shares on the Exchange for one trading day, dated on Tuesday 10/05/1446, corresponding to 12/11/2024.

2.    Ash-Sharqiyah Development Co. shares will resume trading for twenty trading sessions starting from Wednesday 11/05/1446, corresponding to 13/11/2024, following the one day suspension, and the company is required to announce its financial statements before the end of Tuesday 09/06/1446, corresponding to 10/12/2024.

3.    In case the company did not announce its financial statements period ending on 2024-09-30 during the period stated in point (2), trading of Ash-Sharqiyah Development Co. shares will be suspended again starting from Wednesday 10/06/1446, corresponding to 11/12/2024 until the company announces its financial statements period ending on 2024-09-30