Regulatory Alerts2023-09-04
ISC Board Decision in its session held on 31/8/2023
The Iraq Securities and Exchange Commission (ISC) Board issued a decision on August 31, 2023, to suspend the trading of shares for several listed companies that failed to meet disclosure requirements. The decision specifies that shares of five companies are suspended from both the Main and Second Markets, while eight other companies remain suspended and listed on the Non-Disclosed Companies platform. Additionally, the Board noted that shares of two other banks remain suspended from trading.
The Iraq Securities and Exchange Commission (ISC) Board, in its session held on 31/8/2023, decided to suspend the trading of shares of a group of listed joint-stock companies in the Iraq Securities Market until they fulfill their disclosure requirements, as follows:
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Suspension of trading of shares of companies in the Main and Second Markets: (Ashur Bank / United Investment Bank / Al-Hilal Industries / National Industries for Chemical and Plastic Industries / Mosul Dam Tourist City). And the two companies (International Islamic Kurdistan Bank / Al-Rajhi Islamic Bank) remain suspended from trading.
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Continuation of suspension of shares of companies in the Main and Second Markets and their retention on the Non-Disclosed Companies platform: (Babylon Bank / Electronic Industries / Modern Construction Materials Industry / Iraqi Land Transport / Badia Public Transport / Palestine Hotel / Al-Sadeer Hotel / Patik Financial Investment / Al-Khair Financial Investment). And the two companies (Al-Shamal Bank / Iraqi Oil Products Transport) remain suspended from trading.