Correction announcement from Development Works Food Co. in regards to Announcing its inability to publish its annual financial results for the period ending 12-31-2023 AD on the Saudi Stock Exchange (Tadawul) website within the specified regulatory deadline.
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2024-03-31 Corresponding to 1445-09-21 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | The Development Works Food Co. announces that it was unable to publish its annual financial results for the period ending on 31-12-2023 on the Saudi Stock Exchange (Tadawul) website within the specified statutory deadline due to the non-completion of the audit work.
The company expects to announce the annual financial statements for the period ending on 31-12-2023 on 14-04-2024 The company expects to announce the annual financial statements for the period ending on 31-12-2023 on 14-04-2024 |
| Correct Statement | Development Works Food Co. announces that it is unable to publish its annual financial results for the period ending on 31-12-2023 and the Board of Directors’ report on the Saudi Stock Exchange (Tadawul) website within the specified regulatory deadline.
The company is awaiting receipt of the draft financial statements and the final report approved by the external auditor, and holding an audit committee meeting to discuss the results and recommend them to the Board and have them approved by the Board of Directors within the prescribed statutory period. The company expects to announce the annual financial results for the period ending on 31-12-2023 before the end of the business day, Monday 06-05-2024. |
| Additional Information | The company would like to clarify that procedures for suspending trading in listed securities will be implemented in accordance with the listing rules.
The company will also announce any subsequent developments regarding the inability to publish financial results on a monthly basis, while committing to announce without delay if there are any fundamental developments. |
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