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Nama for Chemicals misses Q2 results deadline
Namaa Chemicals Company has announced that it will be unable to publish its preliminary financial results for the first half of 2026 within the regulatory deadlines, due to challenges in the accounting review processes and the postponement of external auditors' appointment. This has led to a suspension of the company's stock trading and a requirement for it to complete the procedures for appointing external auditors to review the quarterly and annual results for 2026, with a commitment to disclose any material developments. This situation follows a delay in closing the financial results for the fiscal year ending December 31, 2025, which resulted in a backlog of regulatory obligations. The company is currently working to address these issues to ensure business continuity and protect shareholders' interests, and will present the potential appointment of auditors for approval at upcoming general assemblies.
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