Tadawul’s Q2 2019 earnings season to end Aug. 21

08/08/2019 Argaam

 

The Q2 2019 earnings season for companies listed on the Saudi Stock Exchange (Tadawul) will end on Wednesday, August 21.

 

As many as 143 firms have disclosed their Q2 2019 financial results so far.

 

Under market rules, listed companies must submit a copy of their financial statements to the Capital Market Authority (CMA).

 

Firms are required to announce interim financial results no later than 15 working days after the end of the fiscal period, while a 40-day limit is given for annual results.

 

Financial Results Announcement Deadlines in 2019

Period

Start

End

Number of days*

Q1 2019

April 1

May 12

30 business days

Q2 2019**

July 1

August 21

30 business days

Q3 2019

October 1

November 11

30 business days

Q4 2019

Not determined

Not determined

--

Annual results

January 1, 2020

March 31, 2020

3 months

*Business days in Saudi Arabia according to the CMA.

**The results disclosing period coincides with Eid Al Adha.

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