ammonnews.net

Ammon News - Mazen Wathaifi Chief Executive Officer of Amman Stock Exchange (ASE) said that 96% out of 171 listed companies have provided the ASE with their audited annual financial statements for 2021 during the specified period in the Directives of Listing Securities, through the e-disclosure System XBRL.

According to a statement on Monday, the ASE said that this high percentage reflects the compliance of listed companies with the laws and regulations, and the compliance of such companies with the principles of transparency and disclosure.

Wathaifi added that all companies listed on the ASE should provide to the ASE with their audited annual financial statements within the specified period, according to the Directives for Listing Securities on the ASE. He stated that the ASE posts these financial statements on the ASE website www.exchange.jo under Circulars and Disclosures/ annual reports window.

After failing to provide the ASE with their audited annual reports for 2021, the shares of four companies (International Brokerage and Financial Markets, Winter Valley Tourism Investment, Offtec Holding Group, Arab Union International Insurance) were suspended from trading as of Sunday 3 April 2022, he added. However, the trading in these companies' shares will remain suspended until they provide the ASE with the required financial statements.

Earlier, the general assembly rejected the 2021 audited annual financial statements of the Transport and Investment Barter Company (NAQL) and suspended trading in its shares on 23 March 2022, transferring the trading of its shares to the Unlisted Securities Market.

The ASE will also continue suspending the trading in shares of Philadelphia Insurance company and International Cards company, for failing to provide financial statements for previous reporting periods, including last year. The shares of these companies will be available for trading in the Unlisted Securities Market, it added.