23 Hrs
Source:
المدينة
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Al-Tijara stresses financial disclosures for better business and investor trust
The Ministry of Commerce has confirmed that companies' commitment to preparing and submitting financial statements enhances administrative performance efficiency, increases transparency, and boosts investor and financing entity confidence. This obligation, which is the responsibility of the company's chairman, director, or board of directors, is part of the corporate system and must be fulfilled within six months of the end of the financial year. Preparing financial statements aids in assessing financial performance, strengthening oversight, and making decisions based on accurate financial indicators. It also contributes to enabling regulatory authorities to ensure companies comply with regulations and improves the investment environment. Companies can submit their financial statements electronically through the "Qawa'em" platform.
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