The Chief Executive Officer (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 quarterly reports reviewed by their auditors within one month of the end of the relevant quarter. Noting that the listed companies at the ASE are (230) companies; including (14) companies suspended from trading.
Azar added that the number of companies which submitted their quarterly reports reached (218) companies representing (95%) of the overall companies within the time limit which ended with the end of October 2015. It is worth mentioning that the number of traded companies that provided the ASE with its quarterly reports within the time limit reached (213) constituting (99%) of the overall listed and traded companies.
Mr. Azar added that the ASE circulates these reports to the brokerage firms, and post them on the ASE website www.exchange.jo (Arabic Version) in circulars and disclosures/quarterly reports window.
On the other hand, Mr. Azar said that Jordan foundation/Al-RA'I, Capital Bank of Jordan and the Mediterranean of gulf insurance submitted the ASE with their un-reviewed quarterly reports within the time limits while Jordan Projects for Tourism Development, Jordan Paper and Cardboard factories and Al-Rou'ya for Investments did not submit their reviewed third quarter reports within the time limit breaching the provisions of Article (9) of Listing Directives at the ASE where they were suspended from trading for one trading session on Sunday 1/11/2015 based on the provisions of Listing Directives at the ASE and applying the disciplinary penalty which was set by the ASE Board of directors on 29/6/2015.