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).
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Financial Results Announcement Deadlines in 2020 |
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Period |
Start |
End |
Companies |
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Fiscal year ending December 31 |
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Annual |
January 1, 2020 |
May 31, 2020 |
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Fiscal year ending March 31 |
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Q3 |
January 1, 2020 |
February 11, 2020 |
SADAFCO – Tihama – Abo Moati – Alhokair – Atheeb Telecom |
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Annual |
April 1, 2020 |
June 30, 2020 |
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Fiscal year ending July 31 |
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Q2 |
February 1, 2020 |
March 12, 2020 |
Ataa Educational |
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Q3* |
May 1, 2020 |
June 24, 2020 |
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Annual |
August 1, 2020 |
October 31, 2020 |
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Fiscal year ending August 31 |
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Q2 |
March 1, 2020 |
April 9, 2020 |
National Company for Learning & Education (NCLE) |
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Q3 |
June 1, 2020 |
July 12, 2020 |
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Annual |
September 1, 2020 |
November 30, 2020 |
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Fiscal year ending September 31 |
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Q1 |
January 1, 2020 |
February 11, 2020 |
Al Yamamah Steel |
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Q2 |
April 1, 2020 |
May 12, 2020 |
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Q3** |
July 1, 2020 |
August 25, 2020 |
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Annual |
October 1, 2020 |
December 31, 2020 |
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Fiscal year ending Rabi Al-Thani |
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Annual |
Jumada al-awwal 1, 1441 |
Rajab 29, 1441 |
Makkah Construction and Development Co. |
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REITs |
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Annual |
January 1, 2020 |
March 31, 2020 |
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*Eid Al-Fitr
**Eid Al-Adha
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