Annual audited financial statements must be submitted to ASE by end of March

AMMAN — Amman Stock Exchange Chief Executive Officer Mazen Al-Wathafi said companies listed on ASE should provide their annual audited financial statements for the period ending on December 31, 2021, through the Electronic Disclosure System XBRL before the end of March, according to Al-Mamlaka TV.اضافة اعلان

He stressed that ASE will stop trading shares of the companies that do not comply with the ASE regulations by the end of March to protect investors on the stock market and to be able to provide potential investors with all the necessary information.

After the deadline, ASE said it will announce, through various media, the names of the violating companies, which will also be penalized as stipulated in the Jordanian law.

Annual audited financial statements must be provided to ASE in compliance with the instructions for listing securities at the stock exchange, based on the principles of disclosure and transparency, thus enabling investors and shareholders to obtain the necessary information.


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