​Since Saudi Arabian Cooperative Insurance Co. did not comply to clause (a) of Article (34) of the Listing Rules (“The Rules”) which states that the issuer must provide to the Authority without delay all information, explanations, books, records and forms that the Authority may require, which must be Complete, clear, accurate and not misleading as well as clause (a) of Article (40) of the Rules that states that all disclosure made by an issuer to the public and to the Authority must be complete, clear, accurate and no misleading.

Based on the Capital Market Law and its implementing regulations, CMA announces the suspension of trading the shares of Saudi Arabian Cooperative Insurance Co. on the Saudi Stock Exchange (Tadawul) starting from Thursday 07/07/1473H corresponding to 14/04/2016 until it responds to the regulatory requirements and provides complete disclosure. That is to protect the investors and maintain a regulated market.

CMA notes that this does not absolve the company from the responsibility of violating the obligations imposed on it.