Announcement from the Saudi Exchange Regarding the Suspension of Trading the Shares of Al Sagr Cooperative Insurance Co.
Due to Al Sagr Cooperative Insurance Co. noncompliance with announcing its financial statements for the period ending on 31/03/2022 (three months) 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 shares on the Exchange for one trading day, dated on Wednesday 24/10/1443H, corresponding to 25/05/2022G.
2. Al Sagr Cooperative Insurance Co. shares will resume trading for twenty trading sessions starting from Thursday 25/10/1443H, corresponding to 26/05/2022G, following the one-day suspension, and the company is required to announce its financial statements before the end of Wednesday 23/11/1443H, corresponding to 22/06/2022G.
3. In case the company did not announce its financial statements for the period ending on 31/03/2022 (three months) during the period stated in point (2), trading of Al Sagr Cooperative Insurance Co. shares will be suspended again starting from Thursday 24/11/1443H, corresponding to 23/06/2022G until the company announces its financial statements.