Tadawul, the Saudi Exchange, has barred Anaam International Holding Group from trading for one day, after an adverse comment in auditor’s report against the company.
The suspension of trading comes as the company’s auditors’ report contained an adverse conclusion on the nine months period financial statement.
Anaam will be able to resume trading for 20 trading sessions with the possibility of another suspension starting from Monday, if the company did not announce the removal of the adverse conclusion before the end of Sunday.
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.
