​With reference to the CMA Board resolution dated 24/07/1436H corresponding to 13/05/2015G approving the Initial Public Offering ("IPO") of (16,500,000) shares representing (30%) of Arabian Contracting Services Company's share capital ("The Company").

The CMA would like to clarify that the Company has requested to cancel the IPO approval in order for the Company to assess new material information which was not disclosed in the draft prospectus submitted to the CMA, and to allow the Company to study its impact on its operations and financial performance. Thus, the CMA’s Board of Commissioners issued its resolution to cancel the offer.