In addition to the published announcement in Tadawul on 19/06/1442 H Corresponding to 01-02-2021 G regarding the expected dates of announcing the late financial statements, the company announces the update of the expected date to announce the financial Statements for the year 2019.
Previous Announcement
The expected dates of announcing the late financial statements.
Date of Previous Announcement on Tadawul's Website
2021-02-01 Corresponding to 1442-06-19
Percentage of fulfilled achievement
Not Applicable
Event's Expected Completion Date
The company expected to announce the Annual Financial Statements of the year 2019 before 31/03/2021.
Reasons for Exceeding the Announced End Date
Due to discussions and requirements by the company's external auditors, which led to a delay in finalizing the results on the specified dates.
The costs associated with the event, and if they have changed or not with indication of the reasons.
None
Impact of the Delay on the Company's Financial Results
The financial impact cannot currently be determined, and this impact - if any - will be disclosed in due course.
Additional Information
The company is currently undergoing the financial reorganization procedure under the Saudi bankruptcy Law
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