13 Hrs
Source:
الاقتصادية
Saudi market reviews earnings draft
The Capital Market Authority has mandated that listed companies on the main market hold meetings twice annually to discuss their profits, within five working days of announcing their financial results. The goal is to enhance disclosure practices and transparency. Regulatory provisions include the immediate publication of meeting content on the company's website, covering financial results, future outlooks, challenges, opportunities, and responses to investor inquiries. These measures aim to improve the quality of information available to investors and strengthen ongoing, transparent communication between companies and market participants. It is expected that this initiative will establish a regular and institutionalized practice for profit discussions, thereby enhancing the efficiency and integrity of investment decision-making processes.
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