Logo of Capital Market Authority (CMA)
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:
|
Approved International Accounting Standards & Number of Notes |
|
|
Internationally-Approved Accounting Standards |
Number of Notes |
|
Presentation of Financial Statements |
107 |
|
Financial Instruments: Disclosures |
55 |
|
Revenue |
32 |
|
Cash-Flow Statement |
26 |
|
Depreciation in Asset Value |
25 |
|
Financial Instruments |
24 |
|
Stakes in Affiliated Institutions |
23 |
|
Operating Sectors |
18 |
|
Accounting Estimates |
6 |
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:
|
Number of Companies Involved in Study by Sector |
|
|
Sector |
Number of Companies |
|
Basic Materials |
8 |
|
Capital Goods |
7 |
|
Food & Beverages |
5 |
|
Real Estate Management |
5 |
|
Insurance |
4 |
|
Banks |
4 |
|
Consumer Services |
3 |
|
Telecommunications |
3 |
|
Media |
2 |
|
Retailing |
2 |
|
Transport |
2 |
|
Other |
8 |
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