Tihama Advertising Halted on Tadawul Over Delayed Financial Reports

Tihama Advertising, Public Relations and Marketing Co. saw its shares suspended on the Saudi Exchange (Tadawul) for one trading session Monday, July 1.

The suspension follows the company's failure to file its financial statements by the regulatory deadline, Tadawul said. Under exchange rules, a one-session halt is the standard response to non-disclosure. The stock is expected to resume trading Tuesday if the report is submitted before the session opens.

Delayed financial filings are a recurring issue on Tadawul. The exchange enforces strict disclosure timelines. Companies that miss the deadline face a one-day suspension. A second offense can trigger a longer halt or a fine.

Tihama has not publicly commented on the delay. The company's most recent quarterly statement showed a decline in revenue, reflecting softer advertising spending in Saudi Arabia.

The suspension does not affect the company's listing status. It is a procedural measure designed to ensure timely communication with shareholders.