The Postponement of Financial Settlements
التاريخ
Ref. :1487/2020
Date: 17/03/2020
Memo No.
(11/2020)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: The Postponement of Financial Settlements
| Greetings, | |
| According to the official announcement issued by Prime Minister in relation to the current precautionary measures to face the COVID19, all ministries and public departments will be closed as of the 18th of March until the 31st of March. Accordingly, the Securities Depository Center (SDC) will be closed during this period.
It is therefore decided to postpone the payment of the financial settlements dates for the traded securities due tomorrow, till the 1st of April unless any new decisions were taken by the government in that regard. |
|
Kind Regards,
Khalil Naser
Chief Executive Officer
