Riyadh-Mubasher: Saudi Cable has delayed its financial restructuring plan for the fourth time.

The plan was expected to be announced at the end of the second quarter of 2014, then was delayed to Q3 and then to Q4.

The plan will be unveiled with the financial statements of the fiscal year 2014, no later than 8 April, the company said.

The board earlier recommended increasing capital through offering rights issue shares.

The Capital Market Authority (CMA) had halted the stock, as the company failed to duly post its annual financial statements.