Amman Stock Exchange Mandates Swift Submission Of Q2 Financial Statements

2024-07-29 03:03:37

(MENAFN- Jordan News Agency)

Amman, July 29 (Petra) -- The Amman Stock Exchange (ASE) has directed listed entities to finalize and submit their Q2 financial statements, audited for the period ending June 30, through the electronic disclosure system by month-end.
ASE CEO Maren Wazafi asserted that trading in shares of non-compliant companies will be halted starting the first working day of the next month until the required financial data is submitted, per Article 15/B/6 of the 2018 Securities Listing Regulations.
This directive aims to safeguard market integrity by providing investors with timely and accurate financial information. Wazafi noted that ASE will publicly list non-compliant companies post-deadline, subjecting them to regulatory penalties.
The prompt submission of Q2 statements aligns with ASE's listing requirements, enforcing all listed firms to present auditor-reviewed interim financials, thereby bolstering transparency and investor confidence.
The ASE will make this data accessible on its website () under circulars and disclosures (semi-annual statements) for stakeholder reference.

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