Tadawul upgrades disclosure system in compliance with IFRS

26/03/2017 Argaam

The Saudi Stock Exchange (Tadawul) has launched a new taxonomy upgrade to its disclosure system (Ifsah) to comply with the International Financial Reporting Standards (IFRS), the bourse said in a statement on Sunday.

 

The upgrade will help listed companies use the tools available in Ifsah starting Q1 2017, to facilitate the publication of their financial results.

 

The move comes as part of Tadawul’s efforts to further develop its services and provide accurate information for all market participants, the statement said.

 

Tadawul will hold a number of workshops in Riyadh, Jeddah and Khobar to introduce the new taxonomy upgrade. 

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