13 Hrs
Source:
الاقتصادية
_1777294237270_124456903.png&w=64&q=75){kind=small}
Financial Market Examines Disclosure Standards
The Saudi Capital Market Authority has focused on a project proposing to enhance the level of disclosure in the reports of listed companies. The proposal involves including an independent section in the Board of Directors' report titled "Discussion and Analysis of Financial, Operational, and Financial Position Performance." The aim of the project is to strengthen transparency and governance, and to enable investors to better understand company performance through detailed analysis. This analysis would cover financial performance, business results, financial position, liquidity, and future influencing factors. This requirement is to apply to all companies starting from the first report following the approval of these provisions, with the goal of improving the quality of available information and making it easier for investors to analyze. Beneficiaries have been given a 30-day period to provide their feedback, which will be reviewed before the final regulations are adopted.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)