SIECO

05 September, 2024 15:58

Saudi Industrial Export Co. Announces an update on Saudi Industrial Exports Company announces that it will be unable to publish the financial results for the second quarter for the period ending on 2024-06-30

Element ListExplanation
Introduction With reference to the announcement of Saudi Industrial Exports Company (SADIRAT) dated 02/02/1446 corresponding to 06/08/2024 regarding the inability to publish the financial results of second quarter for the financial period ending 30-06-2024 on time. The Company would like to clarify to the shareholders that the Company will not be able to publish the financial statements on the expected date before September 9, 2024 due to the failure of the shareholders to approve the appointment of the Company’s auditors at the Ordinary General Assembly held on June 23, 2024, and the Extraordinary General Assembly (third meeting) held on September 4, 2024.
Previous Announcement Saudi Industrial Exports Company announces that it will be unable to publish the financial results for the second quarter for the period ending on 2024-06-30
Date of Previous Announcement on Saudi Exchange’s Website 2024-08-06 Corresponding to 1446-02-02
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event The company will not be able to publish the financial statements on the expected date before September 9, 2024 due to the shareholders not approving the appointment of the company’s auditor from among the candidates based on the recommendation of the Audit Committee, to review and audit the financial statements for the second, third and annual quarters of the fiscal year 2024, and the first quarter of 2025, and to determine his fees at the Extraordinary General Assembly (third meeting) held on September 4, 2024. Based on the above, the company will not be able to publish the financial results until the shareholders select an auditor from among the candidates at the upcoming ordinary general assembly, the details of which will be announced later.
Reasons For The Delay on The Date of The Event Previously Announced Due to the shareholders’ unwillingness to agree, in the ordinary and extraordinary general assemblies held according to the dates indicated above, to select and appoint the company’s auditor from among the candidates to review and audit the financial statements for the second, third and annual quarters of the fiscal year 2024 AD, and the first quarter of 2025 AD, and to determine his fees
The costs associated with the event, and if they have changed or not with indication of the reasons. Nothing
Delay consequences on the Company’s financial results Nothing
Additional Information The company will announce any developments in this regard as soon as they become available. The company would also like to clarify that the procedures for suspending trading of listed securities will be applied in accordance with the listing rules.

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