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Wafa’s financial statements to be announced not later than 30 Jan

Wafa’s financial statements to be announced not later than 30 Jan
wafa's Q1-19 financials are under preparation
WAFA INSURANCE
8110
-5.75% 9.50 -0.58

Riyadh - Mubasher: The Saudi Indian Company for Cooperative Insurance (Wafa Insurance) expected to issue its financial statements for the period ended 30 June 2019 during a period not exceeding 30 January 2020. Wafa Insurance referred that the delay is attributed to the incomplete procedures to prepare the financial statements, with a must to disclose the first quarter 2019 (Q1-19) financial results first, according to a statement to Tadawul on Monday.

Wafa Insurance further remarked that Q1-19 financials are under preparation by the company’s external auditors, and any available developments will be announced at once.

The financial impact cannot be determined at the current time, yet it will be declared in a timely manner.

It is noteworthy that Wafa Insurance expected to publish its financial statements for the period ended on 31 March 2019 during a period not later than 30 November 2019.