Saudi Vitrified Clay Pipe Co. announces that it is unable to publish its annual financial results for the year ended 31/12/2023 on the Saudi Stock Market website (Tadawul) on time.

Saudi Vitrified Clay Pipe Co. announces that it is unable to publish its annual financial results for the year ended 31/12/2023 on the Saudi Stock Market website (Tadawul) on time.

Element List

Explanation

Introduction

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The reason and obstacles for the inability to post the financial results within the legal period

As the discussion with the external auditor regarding certain data related to studies conducted by the company and the external advisors accredited by the Saudi Authority for Accredited Valuers (TAQEEM) has not yet been completed to finalize the audit work of the annual financial statements for the year 2023, the financial results will be posted on the Tadawul website immediately upon completion of the audit work.

A timetable for the procedures taken or to be taken by the company to post the financial results

The company will communicate with the external auditor to discuss the expert reports sent to them during the specified period for announcing the financial results.

The expected date for posting the financial results

No later than 29 April 2024

The date of suspending the trading of listed securities

2024-04-01 Corresponding to 1445-09-22

Additional Information

SVCP asserts that its inability to publish its consolidated annual financial results ending on 31 December 2023 in a timely manner is solely due to the requirements