GulfBase Live Support
17/07/2014 10:43 AST
Based on the instructions and procedures related to listed companies with accumulated losses reaching 50% or more of its capital, issued by the board of the Capital Market Authority (CMA) pursuant to its resolution number 4-48-2013 dated 15/1/1435H corresponding to 18/11/2013G, and as a result to the announcement of Al Alamiya for Cooperative Insurance Company dated 17/07/2014 that its accumulated losses reached (57.1%) of its capital, and since this percentage of accumulated losses represents 50% or more and less than 75% of its capital, the Saudi Stock Exchange Company (Tadawul) under the aforementioned instructions and procedures will do the following:
1. Suspend trading of the company’s shares for two hours from session opening. While orders maintenance will start from 12:30.
2. Put a yellow flag next to the company’s name on Tadawul website.
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