When would Saudi-listed firms disclose their 2019 results?
08/01/2020 Argaam Special
ShareCopy to clipboard
The period for disclosing the 2019 financial results of Saudi-listed companies has started on Jan. 1, 2020 and will last until March 31.
The Capital Market Authority (CMA) amended in 2017 the period of disclosing quarterly financial statements from 15 business days to 30 days. The regulator also extended the period of announcing annual financial statements from 40 days to 3 months.
The decision coincided with a list of challenges facing the firms including making the switch to International Financial Reporting Standards (IFRS).