Reuters
by Aziz El Yaakoubi
Morocco’s financial market watchdog AMMC suspended trading in property company Alliances Development on Thursday pending an important announcement, a source from the regulator said.
The move came in the last day of the three months in which the company should have announced its 2015 results.
The company issued a profit warning earlier this month, saying that 2015 results are expected to show a widening loss citing restructuring debt plan and economic slowdown in the North African kingdom.
(Reporting by Aziz El Yaakoubi; Editing by Alexander Smith)
