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Capital Market Authority Approves Early Disclosure Standard
The Saudi Capital Market Authority has announced that listed joint-stock companies in Tadawul are permitted to begin early implementation of Financial Reporting Standard (FRS) 18 during 2026. This move is intended to support preparations for the mandatory adoption starting January 1, 2027. The decision aims to improve disclosure and transparency requirements, including publishing financial statements in accordance with the new standard and disclosing the expected impact of these amendments on initial and annual financial statements. This initiative is part of efforts to facilitate a smooth transition for companies to the new standards and to strengthen the transparency of the Saudi financial market.
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