Mr. Nader Azar, the CEO of Amman Stock Exchange, said that the ASE is still receiving the reviewed quarterly annual reports for the period ending on Mar. 31, 2015 for all companies listed at ASE that is reviewed by their auditors.
By virtue of the ASE listing Directives for the year 2012 that all listed companies at the ASE must submit their reviewed quarterly reports by their auditors within one month of the end of the said quarter.
In which this step will enhance the transparency and disclosure in Jordan capital Market and helps investors in being acquainted with the companies’ results during the whole fiscal year. The ASE circulates these reports to the brokerage firms and post them on the ASE boards as well as on the ASE website ( Arabic Version) www.exchange.jo under the Circulars and Disclosures/ quarterly reports window to be reachable for all investors.
The Deadline for submitting the quarterly reports is the end of working day of Thursday April 30, 2015 as the ASE will announce the breaching companies that didn’t submit their reviewed reports through the mass media in order to protect the investors in the Jordan Securities Market. Moreover, the companies that won’t comply with the deadline will be subject to the penalties stated by the Securities law, Regulation and Directives issued pursuant thereto.