The Board of CMA had previously issued a resolution on 9/5/1433H (1/4/2012G) to suspend the trading of the Saudi Integrated Telecom Company’s shares on the Saudi Stock Exchange (Tadawul) starting from Sunday, 9/5/1433H (1/4/2012G) until the company rectifies its situation.

The company submitted an examination report prepared by its external auditor which confirms the collection of the balance due from related parties amounted to approximately 261,87 million Saudi Riyals and the collection of founding shareholders’ share of 650 million Saudi Riyals. Moreover the company provided a letter from the bank confirms the deposit of approximately 911.87 million Saudi Riyals in the company’s bank account. The company has therefore rectified the qualifications of its external auditor on the company’s financial statement for the year ended  31/12/2011G, which related to that the founding shareholders, had not paid their share in the company’s capital and the withdrawal of funds for the benefit of the company’s founding shareholders.  Since the reasons for suspending the trading of the company’s shares by CMA no longer exist, the CMA Board has issued a resolution to lift the suspension on the trading of the company’s shares starting from Wednesday, 20-6-2012.