The Deputy Chief Executive Officer of the Amman Stock Exchange (ASE) Mr. Bassam Abu Abbas, said that the ASE is still receiving the quarterly reports of the period ended in September 30, 2016, from all companies listed at the ASE which have been reviewed by their auditors.
The ASE will suspend the shares of the breaching companies as of the first working day following the deadline of receiving the reports until the date of submitting the ASE with the required reports by virtue of Article (13 / B / 11) of the Listing Securities Directives for the year 2016 so as to protect the investors in Jordan securities market to protect the investors in Jordan securities market. Further, the ASE will announce the breaching companies which did not submit their reviewed quarterly reports through the mass media.
By virtue of the ASE Listing Directives all companies listed at the ASE must submit reviewed quarterly reports reviewed by their auditors within one month of the end of the said quarter.
Such a step will enhance 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, post them on ASE boards and on the ASE website (Arabic version) www.exchange.jo in the Circulars and Disclosures/quarterly reports window to be reachable for those interested in securities.