Announcement of Saudi Cable Company concerning the latest developments on its inability to publish its annual financial statements for the year ending on 31/12/2021, on Tadawul in due time.
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | Reference to the Saudi Cable Co. previous announcement on Thursday 28/08/1443H corresponding to 31/03/2022, The Company would like to clarify the reasons behind its inability to publish its annual financial statements for the year ending on 31/12/2021, on Tadawul on time due to after obtaining the draft of financial statements, there is a need to review the zakat provision between the external auditor and the zakat advisor The Company expects that the external auditor will complete the audit work and that the annual financial statements ending on 31/12/2021 will be published before 08/05/2022. The Company would like to clarify that the procedures for suspending trading of listed securities will be applied according to the listing rules approved by the CMA Board decision No. (1-10-2019) dated 24-05-1440H corresponding to 30-01-2019 and announced on (Tadawul) on March 25, 2019. |
| Previous Announcement | Saudi Cable Company announces that it was unable to publish its annual financial results for the period ending on 31-12-2021 on the Tadawul website on time. |
| Date of Previous Announcement on Tadawul’s Website | 2022-03-31 Corresponding to 1443-08-28 |
| Percentage of fulfilled achievement | N/A |
| Event’s Expected Completion Date | 08/05/2022 |
| Reasons for Exceeding the Announced End Date | after obtaining the draft of financial statements, there is a need to review the zakat provision between the external auditor and the zakat advisor |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Impact of the Delay on the Company’s Financial Results | N/A |
