CMA Announcement in Regards to the Suspension of Trading the Shares of Etihad Etisalat Co. (Mobily)

​Further to the CMA’s announcement dated 07/05/1436H corresponding to 26/02/2015 regarding the assignment of a specialised team to examine Etihad Etisalat Co. (Mobily)'s financial statements, conduct site visits, obtain documents and hear concerned parties’ statements.  As a result, the assigned specialised team has submitted a preliminary report containing the results of examining the company’s financial statements.

Today, on the date of 21/08/1436H corresponding to 08/06/2015, Etihad Etisalat Co. (Mobily) was presented with a summary of the preliminary report containing the assigned specialised team’s observations, and which the CMA’s Board of Commissioners issued its resolution for the company to study and ascertain the extent of the financial impact on the company’s financial statements.

And based on the Capital Market Law and its implementing regulations, the CMA’s Board of Commissioners issued its resolution dated 21/08/1436H corresponding to 08/06/2015 to suspend the trading of Etihad Etisalat Co. (Mobily) shares in the Saudi Stock Exchange (Tadawul) starting from Tuesday 22/08/1436H corresponding to 09/06/2015, until the company discloses the financial impact on its financial statements, in light of the observations that had been submitted to the company.  Accordingly, CMA will consider whether to continue the trade suspension of the Etihad Etisalat Co. (Mobily)'s shares or not.