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. 

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.