The Saudi Capital Market Authority (CMA) will continue to suspend Alujain Corporation (Alujain) from trading until the company adjusts its financial position, the capital market regulator said in a statement to Tadawul.

 

Alujain revealed today its H1 2017 financial results, which were delayed by a month. However, the auditors’ report had a disclaimer of opinion.

 

The CMA reserves the right to suspend companies from trading in the case of an auditor’s disclaimer of opinion, the statement said.

 

The regulator suspended Alujain from trading on Aug. 20, pending the company’s Q2 earnings announcement. 

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