Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Tadawul bars three firms from trading in shares

Saudi Home Loans is the main market’s seventh listing this year.
By TRENDS Desk
April 3, 2022 3:57 pm
  • The exchange suspended Saudi Cable Co. shares from the main market
  • It also suspended Obeikan Glass Co. and Advance International Company for Communication and Information Technology from the Nomu parallel market

Tadawul, the Saudi stock exchange, has barred three companies from trading in shares over their failure to issue financial statements for 2021.

The exchange suspended Saudi Cable Co. shares from the main market, according to a statement.

It also suspended Obeikan Glass Co. and Advance International Company for Communication and Information Technology from the Nomu parallel market.

The trading of these companies will be suspended from Sunday, April 03.

Following one day’s suspension, the company’s trading in the exchange will be resumed on Monday. However, these companies should ensure to submit the 2021 financial statements before the closing on May 8.

If these companies fail to submit the financial statements on that date, trading will be suspended from May 9 until they produce the 2021 results.

[adinserter block="5"]

Most Read

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]