Riyadh – Mubasher: Abdullah Abdul Mohsen Al Khodari Sons Company on Sunday announced that it will disclose its financial results for the third quarter of 2018 in November.

The earnings statement will not be released on time as the company is still working on fulfilling some audit requirements, according to a statement to the Saudi Stock Exchange (Tadawul).

The company will first post its results for the first half of 2018.

The Saudi-based firm noted that it would be difficult to determine the financial impact of delayed financials at present, but it will disclose the related impact later.

It is worth mentioning that Al-Khodari logged losses of SAR 12.74 million during the Q1-18, down 28.26% from SAR 17.76 million in Q1-17.

Tadawul also decided suspending trading on Al-Khodari’s stock on the back of not disclosing its financial results on time.