The Chief Executive Officer of the Amman Stock Exchange (ASE) Mr. Nader Azar, said that (98%) of 195 listed companies, have provided the ASE with their quarterly reports for the period ended 30/9/2018 during the specified period in the Directives for Listing Securities. This high percentage reflects the high compliance of the listed companies with the laws and regulations in force, and the high commitment of such companies to the principles of transparency and disclosure.
Mr. Azar added that all companies listed at the ASE should submit the ASE with their interim reports reviewed by their auditors within one month after the end of the said period, according to the Directives for Listing Securities at the ASE for the year 2018.
Mr. Azar confirmed that the ASE circulates these reports to the brokerage firms, and post them on the ASE website www.exchange.jo in circulars and disclosures/ quarterly reports window.
Mr. Azar added, that only four companies namely; JORDAN INSURANCE Company (JOIN), THE MEDITERRANEAN & GULF INSURANCE COMPANY-JORDAN (MDGF), JORDAN CHEMICAL INDUSTRIES (JOIC), and INTERMEDIATE PETROCHEMICALS INDUSTRIES (IPCH), did not provide the ASE with their reviewed interim financial statements for the period ended on 30/9/2018 during the specified period. knowing that the (JOIN) company has provided the ASE with it’s un-reviewed interim financial statements during the specified period. Accordingly, the ASE suspended (MDGF), (JOIC), and (IPCH) of trading as of Thursday 1/11/2018, As well; the companies will remain suspended until providing the ASE with the required reviewed interim financial statements. The ASE Also continued suspending the shares of (JOIN) which is already suspended from trading.