Press releases, Reports & Disclosures for Sudatel Telecommunications Group Company Limited

Resolution No. 476 of 2024 temporarily suspends the trading of shares of Sudatel Telecommunications Group Company Limited due to their failure to submit their financial statement. The suspension begins on August 15, 2024, and will remain in effect until further notice. The resolution mandates that all department heads at ADX execute this decision within their respective fields. It also requires that the resolution be circulated to the SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution has been approved by the authorized person and was issued on August 15, 2024.

Sudatel Telecom Group Ltd. has announced a delay in disclosing its financial statements for the second quarter of 2024, which were originally due by August 14, 2024. The postponement is due to ongoing discussions about the accounting treatment of financial obligations, particularly in light of significant depreciation of the local currency (SDG) against the reporting currency (USD). The company aims to provide the financial statements as soon as these discussions are concluded. The announcement was made by Sally Mikhail Younan, the Board Secretary Director.

The Board of Directors of Sudatel Telecom Group Ltd. held its regular meeting No. 2/2024 on Monday 13/05/2024. During the meeting, the board approved the consolidated financial statements of the company for the first quarter of 2024.

Resolution No. (405) of 2024 temporarily suspends trading of Sudatel Telecommunications Group Company Limited shares on the ADX. The suspension is due to a board of directors meeting scheduled for 13:00 on 13-May-2024, which coincides with the trading session at ADX. Trading will be suspended from 09:00 on 13-May-2024 until the meeting results are received by ADX. The heads of departments at ADX are instructed to execute this resolution, and it will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 09/05/2024.

Sudatel Telecom Group Ltd. has announced that its Board of Directors will hold meeting No. 2/2024 on Monday, 13/05/2024, at 11:00 AM Sudan Time. The agenda items for the meeting include the approval of the consolidated financial statements of Sudatel Telecom Group for the first quarter of 2024, and any other topics.

The Board of Directors of Sudatel Telecom Group Ltd. held its regular meeting No. 1/2024 on Tuesday, 26/03/2024. They approved the audited consolidated financial statements for the year ended 31 December 2023.