AnnouncementDetails

Actions

Takween Advanced Industries announces the Expected Financial Impact of the Floatation of the Egyptian Pound Exchange Rate Against Foreign Currencies

Takween Advanced Industries announces the impact on its activities in Egypt for its affiliates company (New Marina), as a result of the official floatation of the Egyptian Pound Rate. The expected financial impact of that said floatation will negatively affect the fourth quarter 2016 consolidated net profit of the company by approximately SAR 45 Million, which was calculated based on the government floated rate range officially announced in this respect.

The company has implemented some preventive measures during the last period of this year which have the impact to minimize the negative effects resulted from the floatation of the Egyptian Pound exchange rate against foreign currencies.

The Capital Market Authority and the Saudi Stock 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.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
10.3 0.1 (+0.98%)
Value Traded (SAR) Volume Traded
4,168,457.84 405,756

RelatedAnnouncementPortlet

Actions

Related Announcements

A 1201 Takween 0.1 (0.98%)

1440/01/15   25/09/2018 15:12:17

No English translation, kindly refer to the Arabic version

A 1201 Takween 0.1 (0.98%)

1439/11/19   01/08/2018 15:59:13

No Translation. See Arabic Version

A 1201 Takween 0.1 (0.98%)

1439/11/19   01/08/2018 15:35:29

No translation. See Arabic Version

View all announcements