PHOTO
A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose. Ahmed Yosri
The Saudi Exchange (Tadawul) has suspended the trading of Anaam International Holding Group for one day starting Sunday, 14 November, according to a bourse statement.
The suspension comes as the company’s auditors’ report contained an adverse conclusion on the nine months period financial statement.
Following the one day suspension, Anaam will resume trading for 20 trading sessions with the possibility of another suspension starting from Monday, 13 December, if the company did not announce the removal of the adverse conclusion before the end of Sunday, 12 December.
The poultry processing company reported that its net losses widened by 525 percent in the nine months period of 2021, reaching SR8 million from SR1.3 million in the corresponding period a year ago, according to a bourse filing.
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