Tadawul’s FY19 earnings disclosure period starts today

01/01/2020 Argaam

 

The 2019 earnings disclosure period for Saudi-listed companies started today, Jan. 1, 2020 and will run through March 31, 2020.

 

2019 Financial Results Disclosure Period

Period

Start

End

Number of days

2019 annual results

January 1, 2020

March 31, 2020

3 months

 

In early 2017, the Capital Market Authority (CMA) amended the period of disclosing quarterly financial statements from 15 business days to 30 days. It also extended the period of reporting annual financial statements to 3 months from 40 days, according to data compiled by Argaam.

 

The extension coincided with the challenges faced by companies shifting to International Financial Reporting Standards (IFRS).

 

The market regulator had exempted listed companies from disclosing their financial results for the fourth quarter of 2017.

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