| Element List | Explanation |
|---|
| Introduction | With reference to the announcement of Saudi Industrial Exports Company (SADIRAT) dated 02/02/1446 corresponding to 06/08/2024 regarding the inability to publish the financial results of second quarter for the financial period ending 30-06-2024 on time. |
The Company would like to clarify to the shareholders that the Company will not be able to publish the financial statements on the expected date before September 9, 2024 due to the failure of the shareholders to approve the appointment of the Company’s auditors at the Ordinary General Assembly held on June 23, 2024, and the Extraordinary General Assembly (third meeting) held on September 4, 2024.
| Previous Announcement | Saudi Industrial Exports Company announces that it will be unable to publish the financial results for the second quarter for the period ending on 2024-06-30 |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-08-06 Corresponding to 1446-02-02 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The company will not be able to publish the financial statements on the expected date before September 9, 2024 due to the shareholders not approving the appointment of the company’s auditor from among the candidates based on the recommendation of the Audit Committee, to review and audit the financial statements for the second, third and annual quarters of the fiscal year 2024, and the first quarter of 2025, and to determine his fees at the Extraordinary General Assembly (third meeting) held on September 4, 2024. |
Based on the above, the company will not be able to publish the financial results until the shareholders select an auditor from among the candidates at the upcoming ordinary general assembly, the details of which will be announced later.
| Reasons For The Delay on The Date of The Event Previously Announced | Due to the shareholders’ unwillingness to agree, in the ordinary and extraordinary general assemblies held according to the dates indicated above, to select and appoint the company’s auditor from among the candidates to review and audit the financial statements for the second, third and annual quarters of the fiscal year 2024 AD, and the first quarter of 2025 AD, and to determine his fees |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Nothing |
| Delay consequences on the Company’s financial results | Nothing |
| Additional Information | The company will announce any developments in this regard as soon as they become available. The company would also like to clarify that the procedures for suspending trading of listed securities will be applied in accordance with the listing rules. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.