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Saudi CMA resumes trading on MedGulf’s stock Sunday

Saudi CMA resumes trading on MedGulf’s stock Sunday
Lifting the trading suspension on MedGulf’s shares came after the firm announced its 2017 financial results
MEDGULF
8030
80.45% 24.00 10.70

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) resumes trading on Mediterranean and Gulf Insurance and Reinsurance Company’s (MedGulf) shares as of Sunday, 15 April, the Saudi Stock Exchange (Tadawul) has said.

Lifting the trading suspension on MedGulf’s shares came after the firm announced its financial results for the full year of 2017, the Saudi bourse added.

The CMA halted trading on Medgulf’s stock early this month as the firm had failed to announce its annual financial results for 2017.

On Thursday, 12 April, Medgulf announced turning to losses after suffering a net loss of SAR 388 million during the full-year 2017, against SAR 67.6 million in net profits a year earlier.