3 days ago
SIDC to release H1 2025 results on Sept. 7
Saudi Industrial Development Co. (SIDC) said it was unable to disclose its preliminary consolidated financial results for the period ended June 30 within the regulatory deadline on Tadawul due to requirements for completing the audit process.
The company explained that the delay is unrelated to its operational activities. It attributed the postponement to ongoing discussions with its external auditor over certain examination requirements needed to complete the review of its preliminary financial statements.
In a statement to Tadawul on Aug. 11, SIDC said it aims to conclude these discussions and finalize the review before Sept. 7. The company will provide monthly updates on the delay and make timely announcements of any material developments.
SIDC confirmed that its results will be released immediately after the review is completed, with publication expected on Sept. 7. It added that procedures for suspending trading of listed securities will be applied under listing rules, with trading in its shares to be suspended on Aug. 12.
