Palestine Exchange Launches the English Version of its Disclosure System

Palestine Exchange Launches the English Version of its Disclosure System "IFSAH"

PEX launched the English version of its disclosure system "IFSAH"; the aim of this development is to make the listed companies financial performance available to foreign investors.
 
Ahmad Aweidah, CEO of PEX said that "IFSAH" English version will present financial disclosures of listed companies on the English website of PEX same as it used to appear in Arabic. He added that the system will be further developed to include non-financial disclosures in the near future.
 
"IFSAH" was developed internally, two years ago, to streamline and organize the disclosure process between the listed companies and other stakeholders including PEX, PCMA, brokers, investors, auditors and analysts.
 
"IFSAH" enforces the use of International Financial Reporting standards (IFRS), achieves consistency and provides an electronic data base that can be used for different purposes and will reduce human error.

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