Ash-Sharqiyah Development Co. — Audit Report / Information 2020

Nov 12, 2020

addendum announcement from A Sha-sharqiyah Development Company regarding its initial financial results ending on 09/30/2020 nine months

6060 · 12/11/2020 09:49:43 · Announcement #61104 · View on Saudi Exchange

addendum announcement from A Sha-sharqiyah Development Company regarding its initial financial results ending on 09/30/2020 nine months

Element List	Explanation
Introduction	With reference to the announcement of A Sha-sharqiyah Development Company on the trading platform on 3/16/1442 corresponding to 02/11/2020, which was about the company's financial results for the period ending on 09/30/2020, the company would like to indicate that the company's certified auditor added another matter to his report Concerning the period ending 09/30/2020, related to not forming a special audit committee for the company until the date of preparing these lists
Date of Posting the Previous Announcement of Development on Tadawul's Website	2020-11-02 Corresponding to 1442-03-16
URL of the Previous Announcement	Click Here
Change on the Development	Ash-sharqiyah Development Company wishes to announce to its honorable shareholders that another order has been added to the report of the external auditor accredited to the company for the financial period ending on 09/30/2020 regarding to the non-issuance of decision to form the audit committee, as the decision is under procedures,The other includes is :

The company violated the text of Article 101 of the Companies Law, as a review committee was not formed by a decision of the Ordinary General Assembly until the date of issuance of these initial summarized financial statements, and the company remedies this by calling for an ordinary general assembly meeting to be held on Tuesday, December 1, 2020, to vote on forming a committee Reviewing and defining its tasks, work controls, and rewards for its members who are candidates for this position Financial Impact on the change There is no financial impact that may affect the company's results for the financial period ending on 30/09/2020, whether negative or positive

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.