CMA announces key notes on listed firms’ 2020-2021 financials

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The Capital Market Authority (CMA) released a report on its key notes on the financial statements of listed companies for 2020 and 2021.

The market regulator's team examined and studied the financials of 53 out of the total companies listed on the Saudi Exchange (Tadawul) between 2020-2021. These firms hold a SAR 330 billion quota of the total SAR 10 trillion market value.

Given the internationally-approved accounting standards used to base this study, the category “Presentation of Financial Statements” earned 107 notes, while “Financial Instruments: Disclosures” and “Revenue” got 55 and 32 notes, respectively, as the following table shows:

It indicated that the study included eight companies in the basic materials sector, seven in the capital goods sector and five others in real estate management and development as well as food production sectors, as shown in the following table: