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The Saudi Capital Market Authority has issued a draft to enhance transparency and disclosure in the annual board reports, aiming to strengthen governance principles and provide clearer financial and operational information for investors. The project involves developing an independent section titled "Discussion and Analysis of Financial, Operational, and Financial Position Performance," which includes analysis of performance throughout the year, key indicators, and explanations of changes and influencing factors. The commitment is targeted to be implemented starting from the first board report issued after the approval of the regulations, to bolster investors' rights and improve transparency levels in the financial market. Feedback on the draft will be accepted for 30 days until November 20, 2026, after which it will be reviewed for final approval.
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