Ghida Alsultan for Fast Food Co. announces its inability to post interim financial results for the period ended on 2026-06-30(Six Months)
| Element List | Explanation |
|---|---|
| Introduction | Ghida Al Sultan Fast Food Company announces its inability to publish its interim financial results for the period ended 30 June 2026 (six months) within the statutory period. |
| The reason and obstacles for the inability to post the financial results within the legal period | The reason for the delay in publishing the interim financial results for the six-month period ended 30 June 2026 is that the review procedures relating to the interim condensed consolidated financial statements for the said period have not yet been completed. The external auditor has requested additional technical studies and reports to determine the appropriate accounting treatment for one of the Group’s new investments established during the period (Brand Developers Company). These studies require the engagement of specialized external parties, including an IFRS technical accounting advisor and an independent valuer. Accordingly, additional time is required to complete these requirements, which could not be finalized within the prescribed regulatory deadline. |
| A timetable for the procedures taken or to be taken by the company to post the financial results | The Company is currently working on completing the technical requirements in coordination with the external auditor and the relevant parties, and the financial results will be announced immediately upon completion of the review work and approval of the interim financial statements. |
| The expected date for posting the financial results | The Company is working with its external auditor to finalize the financial statements and publish them immediately upon their approval, and will publish the financial statements within a period not exceeding twenty trading sessions following the session in which trading was suspended |
| The date of suspending the trading of listed securities | 2026-09-02 Corresponding to 1448-03-20 |
| Additional Information | Please note that the procedures for suspending trading of the listed securities will be applied in accordance with the Listing Rules. Ghida AlSultan Fast Food Company confirms its full commitment to the governance rules, regulations, and instructions issued by the supervisory authorities, and the Company has not previously failed to publish its interim or annual financial statements within the statutory periods. The Company also undertakes to announce any subsequent developments regarding its inability to publish the financial results on a monthly basis, while committing to announce without delay should any material developments occur. |
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