Alujain Corp. failed to commit to announce its interim financial results for the fiscal period ending on 30/6/2017 during the specified period mentioned in the Listing rules.
Based on the Capital Market Law and its implementing regulations, CMA announces the suspension of trading the shares of Alujain Corp.
on the Saudi Stock Exchange (Tadawul) starting from Sunday 28/11/1438H corresponding to 20/8/2017 until the company announce its interim financial results for the fiscal period ending on 30/6/2017. 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.