Saudi Exchange halts trading for seven firms due to delays in financial reporting

RIYADH April 4, 2025 — The Saudi Exchange halted trading for seven companies on Thursday after they missed the deadline to release their financial statements for the year ending December 31, 2024.

The companies affected include Saudi Industrial Development Co., Development Works Food Co., National Gypsum Co., Arabian Contracting Services Co., and Al Jouf Cement Co. from the Main Market, along with Keir International Co. and Knowledge Net Co. from the Parallel Market.

Trading in their shares will resume on April 6 for 20 sessions, allowing them time to publish their financial results. The companies must submit their financial reports by May 1 to comply with market regulations.

If any of the companies fail to meet the deadline, their shares will be suspended again starting May 4 until they release their financial statements.

The Saudi Exchange stated that this action is in accordance with its rules on financial disclosures and listing requirements.