
KEIR shares resume trading on Tadawul after a nearly three‑week suspension triggered by late annual results. The stock re‑enters the market with a full year loss of SAR 12.4 million.
The Saudi Exchange (Tadawul) has lifted the trading suspension on shares of KEIR International Co. effective today, June 29, after the company published its annual financial results. The suspension was imposed earlier this month when KEIR failed to meet the exchange's deadline for disclosing audited financial statements for the fiscal year ended March 31.
Tadawul rules require listed companies to publish annual results within 90 days of the financial year‑end. Missing that window triggers an automatic trading halt. KEIR had been suspended since June 10, according to exchange notices, after it missed the disclosure deadline. The company released its results late Monday, clearing the condition for resumption.
KEIR is a Saudi‑based engineering and contracting firm focused on infrastructure, power projects, and telecommunications. Its shares trade on the Tadawul main market under the ticker KEIR. The stock last traded at SAR 34.60 before the halt, down about 12% year to date.
The resumption removes a major overhang for existing shareholders, who had been locked out of trading for nearly three weeks. The suspension also meant that KEIR could not be included in any index rebalancings or fund flows during that period. With the lift, institutional and retail investors can again adjust positions.
The key fact: KEIR is now current on its disclosure obligations. The next reporting milestone is the first‑quarter interim financials, due within 45 days of the quarter ending June 30. Tadawul will monitor that deadline as well. Any further delay would risk a second suspension.
For traders, the practical takeaway is that the stock re‑enters the market after a period of forced illiquidity. That often brings a burst of catch‑up volume, though direction depends on what the disclosed results showed and whether any earnings surprise emerges from the filings. The company's net income swung to a loss of SAR 12.4 million in the fiscal year, compared with a profit of SAR 8.1 million a year earlier, the results statement showed. Revenue fell 18% to SAR 178 million.
The loss was driven by lower contract awards in the utilities segment and higher project‑completion costs, the company said. It did not declare a dividend for the year.
Trading in KEIR shares resumed at 10:00 a.m. Riyadh time on Sunday.
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