Huge losses amassing due to a Saudi export ban that closes off Julphar’s key market mean that “a material uncertainty exists that may cast significant doubt on the group’s ability to continue as a going concern,” the United Arab Emirates company’s newly appointed auditor, Ernst & Young, has warned.
In September 2018, the Saudi Food and Drug Authority inspected Julphar’s plant in Ras Al Khaimah, UAE. As a result,...





