Saudi CMA extends deadline for disclosing board reports, financial statements

31/03/2020 Argaam

 

Saudi Arabia's Capital Market Authority (CMA) extended deadline for the Tadawul-listed companies which have not disclosed their board reports and financial statements.

 

The decision came in line with the Kingdom's precautionary measures to combat the COVID-19 outbreak.

 

Tadawul-listed companies and REITs, which did not comply with the deadline ending on March 31, 2020, will have until Wednesday, April 29, 2020 to disclose their financial statements, or a trading halt will be placed on their shares pending disclosure.

 

Exchange traded funds (ETFs), which did not comply with the deadline ending on April 7, 2020, will have until May 6, 2020. Otherwise, a share trading halt will be placed pending financials' disclosure.

 

Listed companies following FY ending on Dec. 31, 2019, will have until April 30, 2020 to announce their board reports.

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