AMMAN —
Amman Stock Exchange
Chief Executive Officer Mazen Al-Wathafi said companies listed on ASE should
provide their annual audited financial statements for the period ending on December
31, 2021, through the Electronic Disclosure System XBRL before the end of March,
according to Al-Mamlaka TV.
اضافة اعلان
He stressed that ASE will stop
trading shares of the companies that do not comply with the ASE regulations by
the end of March to protect investors on the stock market and to be able to provide
potential investors with all the necessary information.
After the deadline, ASE said it will
announce, through various media, the names of the violating companies, which will
also be penalized as stipulated in the Jordanian law.
Annual audited financial statements must
be provided to ASE in compliance with the instructions for listing securities
at the stock exchange, based on the principles of disclosure and transparency, thus
enabling investors and shareholders to obtain the necessary information.
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