When would Saudi-listed firms disclose their 2019 results?

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).

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

*Eid Al-Fitr

**Eid Al-Adha

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