Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) said that the four telecommunication companies listed on the Saudi Exchange (Tadawul) will be suspended.
CMA announced that the suspension will start from Sunday, 2 October until the firms disclose the financial impact of the decision over extending licenses, according to a bourse statement.
Thus, Tadawul will have Sunday’s trading session with the absence of telecom companies which account for 2.87% and 3.88% of both the turnover and trading volume respectively.
