Morabaha Marina Delays Financial Results for Three Months 2026
MRNA 4082.SA | 0.00 |
| Element List | Explanation |
|---|---|
| Introduction | The Company wishes to inform its valued shareholders that it will not be able to publish its interim financial results for the three-month period ending on March 31, 2026, within the regulatory timeframe. |
| The reason and obstacles for the inability to post the financial results within the legal period |
The company wishes to inform its valued shareholders that it will not be able to publish its preliminary financial results for the period ending March 31, 2026 (three months) within the regulatory timeframe due to:
the procedures for approving the new board of directors of the subsidiary company (the digital payments company for financial technology "Loop") have not been completed.
The company affirms its commitment to full compliance with all relevant regulations and will disclose its findings as soon as the regulatory requirements are met. |
| A timetable for the procedures taken or to be taken by the company to post the financial results | The Company confirms that the interim financial statements will be published immediately upon receipt, after being approved by the authorized parties. |
| The expected date for posting the financial results | The Company expects to publish the interim financial statements for the three-month period ending March 31, 2026, no later than June 17, 2026. |
| The date of suspending the trading of listed securities | 2026-05-13 Corresponding to 1447-11-26 |
| Additional Information | Noting that the procedures for the suspension of trading of listed securities will be applied to the Company in accordance with the Listing Rules. The Company will announce monthly updates regarding its inability to publish the financial results and will ensure timely disclosure without delay if any material developments arise. |
Other Items
Morabaha Marina Financing Co. announced its inability to publish interim financial results for the three-month period ending March 31, 2026, within the regulatory timeframe due to incomplete procedures for approving the new board of directors of its subsidiary company Loop, a digital payments fintech company. The company's securities trading will be suspended starting May 13, 2026, and the company expects to publish the interim financial statements no later than June 17, 2026, once regulatory requirements are met and authorized parties provide approval.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95321&anCat=1&cs=4082&locale=arNote: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.
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