The Amman Stock Exchange (ASE) has called on all listed companies to complete the submission of their auditor-reviewed second-quarter financial statements—for the period ending June 30, 2025—via the XBRL electronic disclosure system by the end of July.
اضافة اعلان
ASE CEO Mazen Wathaifi stressed that companies failing to meet the deadline will face immediate trading suspension starting from the first business day of August, in accordance with Article 15/B/6 of the 2018 Securities Listing Instructions.
The purpose of this enforcement, Wathaifi explained, is to protect investors and market participants by ensuring timely and transparent access to vital financial information for sound investment decisions.
After the deadline, the ASE will publicly announce the names of non-compliant companies through various media channels. These companies may also face further penalties as stipulated in relevant regulations.
The submission of Q2 financial data is a regulatory requirement under ASE's listing rules, which obligate all listed entities to prepare and disclose interim financial statements reviewed by external auditors. This process reinforces the principles of disclosure and transparency and enables shareholders and investors to track companies' performance regularly.
The ASE publishes all submitted reports on its official website www.exchange.jo under the "Circulars and Disclosures – Semi-Annual Data" section, ensuring easy public access for interested parties.
— (Petra)
