Regulatory Alerts2024-07-14
Iraq Securities Commission Board Decision on Suspension of Trading for Nine Companies
The Iraqi Securities Commission issued a directive on July 11, 2024, suspending the trading of shares for nine listed companies on the Iraq Stock Exchange. This decision, made during the Board's ninth meeting on July 9, 2024, was based on the companies' failure to comply with disclosure regulations by not submitting their financial data for the first quarter of 2024. The affected entities include Gulf Insurance, Al-Haditha for Animal Production, Babylon for Animal Production, Zain Iraq Bank, and Amin Iraq Bank, among others.
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