Al-Baha Investment & Development Co. has published its preliminary financial results as of 31/3/2013 on Tadawul’s website on Wednesday 17/8/1434H corresponding to 26/6/2013. The company’s preliminary financial statements showed that its losses for the preliminary financial period ending on 31/3/2013 has  reached (70) million Saudi Riyals resulting in accumulated losses exceeding three quarters of the company’s capital where it reached %115 of the capital.

Based on the Capital Market Law issued by Royal Decree Number (M/30) Dated 2/6/1424 H, the CMA is allowed  to cancel  any securities in the market or suspend its issuance or trading if necessary, and based on the Listing Rules issued by the Board’s decision number (3-11-2004) and dated 20/8/1425H corresponding to 4/10/2004 which states that CMA can suspend or cancel the securities listing if it considered that the issuer operations’ level or its assets do not justify the continuous trading of its securities in the market, the CMA Board has issued its decision to continue the  suspension of trading the shares of Al-Baha Investment & Development Co on the Saudi Stock Exchange (Tadawul) until the company adjusts its finances.