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Saudi Industrial Export Co. — Audit Report / Information 2020
Apr 29, 2021
53393_rns_2021-04-29_63bbe129-411d-4c09-84f8-d2428c96f95c.html
Audit Report / Information
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Announcement for the Saudi Industrial Export Company (Sadirat) for its external auditor issue for disclosure of opinion on annual financial statements ending by 31st Dec 2020
4140 · 29/04/2021 09:05:06 · Announcement #63098 · View on Saudi Exchange
Announcement for the Saudi Industrial Export Company (Sadirat) for its external auditor issue for disclosure of opinion on annual financial statements ending by 31st Dec 2020
| Element List | Explanation |
|---|---|
| Announcement Detail | Referring to the announcement of The Saudi industrial exports company (Sadirat) for the annual financial statements ending by 31st Dec 2020, and dated on 29th April 2021 on the website of Saudi Capital Market Authority (Tadawul). |
Based on the issued disclosure of opinion by the company external auditor for the for the annual financial statements ending by 31st Dec 2020, and since the company audit committee faced complications in resolving the external auditor reservations. Also, that the company audit committee observed administrative and financial violations conducted by previous executive team.
Therefore, the company board of directors affirm its compliance with the transparency and the governance by disclosing the status to the investors and working with the authorities to resolve the administrative and financial violations conducted by previous executive team to protect the rights of the company and its shareholders.
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.