​Raydan Co. failed to commit to announce its annual  financial results for the fiscal period ending on 31/12/2016 during the specific period of the company which ends on 31/3/2017.
Based on the Capital Market Law and its implementing regulations as well as the CMA board resolution regarding listed companies that do not announce their financial statements during the specified periods, CMA announces the suspension of trading the shares of Raydan Co. on the Saudi Stock Exchange (Tadawul) starting from Sunday 5/7/1438H corresponding to 2/4/2017 until the company announce its annual  financial results for the fiscal period ending on 31/12/2016. That is to protect the investors and maintain a regulated market.
CMA notes that this does not absolve the company that is not committed to this rule from the liability of violating the compliance rule imposed on all listed companies to publish their financial statements during the specified period.