The Annual Financial Statements of Listed Companies at Amman Stock Exchange

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The Annual Financial Statements of Listed Companies at Amman Stock Exchange

The CEO of Amman Stock Exchange (ASE), Mr. Nader Azar, said that according to the listing securities Directives for the year 2012; all companies listed at the ASE should submit their annual reports reviewed by their auditors within three month of the end of its fiscal year. Note that the number of listed companies at the ASE reached 225 companies, including 7 suspended from trading.
 
 Mr. Azar added that the number of companies which submitted their reviewed annual reports reached 209 companies representing 93% of the overall companies within the time limit of submitting their annal reports ended in March2016.  It is worth mentioning that the number of traded companies that provided the ASE with its annual reports within the time limit are 207 companies constituting 95% of the overall companies listed and traded at the ASE.
 
 Mr. Azar stressed that the ASE circulates these reports to the brokerage firms and post them on the ASE websitewww.exchange.jo  (Arabic Version) in circulars and disclosures/Annual reports window.
 On the other hand Mr.Azar said that Jordan Insurance, Arabia  Insurance  Company, The  Holy  Land  Insurance, AL-Manara  Insurance, Jordan  Emirates  Insurance, Philadelphia  Insurance, Arab  Union  International  Insurance,   Jordan  Paper& Cardboard  Factories Submitted   the ASE with its un reviewed annual reports within the time limit. As for the Capital   Bank of Jordan submitted the ASE with its reviewed annual reports after the time limit. Where Jordan Projects for Tourism Developments and Model Restaurants did not provide the ASE with the required data within the dead line will breaching Article 9 of Listing Securities Directives where the mentioned companies are suspended from trading for one trading session as of the 3rd of April by virtue of Listing Securities Directives and an observation of the disciplinary procedures approved by the Board of Directors of the ASE. 

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