22 Hrs
Source:
الاقتصادية
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FMA approves early disclosure standard
The Saudi Capital Market Authority announced its approval for the early implementation of International Financial Reporting Standard (IFRS) 18 in 2026. This standard aims to improve disclosure and financial presentation requirements for listed companies on the Tadawul market, in preparation for its mandatory application in 2027. Additionally, the Authority granted approvals for the launch of "BSF" fund units for small and medium-sized enterprises and the listing of Al Manhal Company's shares on the parallel market, as part of efforts to enhance market efficiency and increase levels of disclosure and governance.
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