Saudi Indian Company for Cooperative Insurance (Wafa Insurance) announces its inability to publish its Financial Results for the Period Ending on 30-06-2021 (Six Months) at the specified time
| Element List | Explanation |
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| Announcement Detail | Saudi Indian Company for Cooperative Insurance (Wafa Insurance) announces its inability to publish its financial results for the period ending on 30/06/2021 (Six Months) in (Tadawul) at the specified time, due to not finalizing the announcing of the late financial results of previous periods, starting from the financial results for the Period Ending on 31/03/2020.
The company will announce any developments in this regard as soon as the availability.
The company also clarifies that “The procedures of suspending trading in listed securities in accordance with the listing rules,” which announced in the (Tadawul) website on March 25, 2019 will be applied on the company.
The financial impact cannot currently be determined, and this impact - if any - will be disclosed in due course.
The company is currently undergoing the financial reorganization procedure under the Saudi bankruptcy Law |
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