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CMA puts Research and Marketing stock on halt

CMA puts Research and Marketing stock on halt
Photo Credit: Arabianeye - Reuters
SRMG
4210
-1.19% 183.50 -2.20

Riyadh-Mubasher: The Capital Market Authority (CMA) decided to suspend trading on Saudi Research and Marketing stock as of Thursday.

The suspension is pending a disclosure of material information that might occur in the ownership of major shareholders.

The company reported SAR 7 million in net losses during the three-month period ended 30 September, against SAR 2.4 million earnings in the corresponding quarter of 2014.