Saudi market regulator halts Mobily trading

25/02/2015 Argaam

 

The Capital Market Authority (CMA), Saudi Arabia’s market regulator, temporarily suspended trading on Mobily’s shares on Wednesday until the telecom operator can disclose the reasons behind its SAR 913 million net loss last year.

 

The indefinite trading halt— in line with market regulations— came after Mobily released audited financial results for 2014.

 

After receiving the required information, the CMA will consider whether or not to extend the suspension. 

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