Enforcement · ISC · 14 Jul 2024
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.
Republic of Iraq
Council of Ministers
Iraqi Securities Commission
Iraqi Securities Commission Board
Number: 13 / 2024
Date: 11 / 7 / 2024
To: Board of Governors of the Iraq Stock Exchange
Subject: Suspension of Trading
Greetings,
Based on the Regulatory Bylaw No. (8), Listed Companies Disclosure, Article (6-b), and considering that the listed companies below have failed to meet the financial disclosure requirements and have not provided the Commission with the financial data for the first quarter of 2024.
Therefore, the Commission Board decided in its ninth meeting held on 9/7/2024 to suspend the trading of the shares of the companies in the Iraq Stock Exchange.
With appreciation,
List of Companies
Nagham Hussein Ismail
Deputy Chairman of the Securities Commission 2024/7/11
Copies sent to:
baghdad - Al - Yarmouk District 612
St.18 - Ho.12 - Po. Box Baghdad: 3108
T 00964 7734 977 377
W www.isc.gov.iq
E iraqisc@isc.gov.iq
E irqisc@yahoo.com
Baghdad - Al-Yarmouk, Neighborhood 612 - Alley 18 House 12 - P.O. Box Baghdad: 3108
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Source: Iraqi Securities Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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