AI Summary
Tadawul trading screen
The Capital Market Authority (CMA) set March 31 as the deadline for Saudi-listed companies that end their fiscal year (FY) on Dec. 31, 2023, to disclose their 2023 earnings.
As many as 199 Tadawul-listed firms have so far disclosed their 2023 financials, while nine companies are yet to announce their results. This excludes companies with different FYs.
Six out of 12 Saudi-listed REITs have so far disclosed their annual financial statements.
The following table reveals companies that are yet to disclose their 2023 financials:
|
Companies Yet to Disclose 2023 Results |
|
Corporates |
|
Saudi Fisheries |
|
Saudi Cable |
|
SIDC |
|
AYYAN |
|
Emaar EC |
|
Cenomi Retail |
|
SVCP |
|
Development Works Food |
|
Najran Cement |
|
REITs |
|
Riyad REIT |
|
AlJazira REIT |
|
Jadwa REIT Al Haramain |
|
Al Maather REIT |
|
Musharaka REIT |
|
AlAhli REIT (1) |
|
Jadwa REIT Saudi |
|
Al Rajhi REIT |
|
Derayah REIT |
|
SEDCO Capital REIT |
|
Alinma Retail REIT |
|
Alinma Hospitality REIT |
CMA sets a different grace period for REITs, which is semi-annual. It also does not require them to disclose quarterly results.
The following table is the classification of companies and REITs in terms of status of financial disclosure for 2023 and their FYs:
|
Details of Companies’ Disclosure of 2023 Financials |
|
|
No. of companies that disclosed financials |
199 |
|
No. of companies that have not disclosed financials |
9 |
|
No. of REITs that disclosed financials |
6 |
|
No. of REITs that have not disclosed financials |
12 |
|
No. of companies with different FYs |
8 |
|
Total |
234 |
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