SFICO
6050
4.54%
23.94
1.04
6050
The Saudi Stock Exchange (Tadawul) announced that the accumulated losses of Saudi Fisheries Co. has reached SAR 268,467,856, or 50% of its capital
The stock market said that, based on the instructions and procedures related to listed companies with accumulated losses reaching 50% or more of its capital, issued by the board of the Capital Market Authority (CMA) pursuant to its resolution number 4-48-2013 dated 15/1/1435H corresponding to 18/11/2013G, and as a result to the announcement of Saudi Fisheries Co. dated 30/10/2014 that its accumulated losses reached (50.15%) of its capital, and since this percentage of accumulated losses represents 50% or more and less than 75% of its capital, Tadawul under the aforementioned instructions and procedures will do the following:
1. Suspend trading of the company’s shares for two hours from session opening on Sunday the 02/11/2014. Orders maintenance will start from 12:30.
2. Put a yellow flag next to the company’s name on Tadawul website.
The company posted SAR 10,619 thousand net losses for the third quarter of 2014, increasing 14.37% year-on-year from SAR 9,285 thousand but declining 22.9% quarter-on-quarter from SAR 13,773 thousand. At the nine-month level, the company reported SAR 34,711 thousand losses, falling 6.6% from SAR 32,563 thousand a year earlier. The loss per share increased from SAR 0.61 to SAR 0.65.
The stock market said that, based on the instructions and procedures related to listed companies with accumulated losses reaching 50% or more of its capital, issued by the board of the Capital Market Authority (CMA) pursuant to its resolution number 4-48-2013 dated 15/1/1435H corresponding to 18/11/2013G, and as a result to the announcement of Saudi Fisheries Co. dated 30/10/2014 that its accumulated losses reached (50.15%) of its capital, and since this percentage of accumulated losses represents 50% or more and less than 75% of its capital, Tadawul under the aforementioned instructions and procedures will do the following:
1. Suspend trading of the company’s shares for two hours from session opening on Sunday the 02/11/2014. Orders maintenance will start from 12:30.
2. Put a yellow flag next to the company’s name on Tadawul website.
The company posted SAR 10,619 thousand net losses for the third quarter of 2014, increasing 14.37% year-on-year from SAR 9,285 thousand but declining 22.9% quarter-on-quarter from SAR 13,773 thousand. At the nine-month level, the company reported SAR 34,711 thousand losses, falling 6.6% from SAR 32,563 thousand a year earlier. The loss per share increased from SAR 0.61 to SAR 0.65.
Source:
Mubasher