Starting with the announcement of the next listed company financial results through Saudi Tadawul Company (Tadawul), the Capital Markets Authority has amended the listed company financial statements form to require disclosure of both net profit (loss) attributable to the issuer’s shareholders after deducting (minority interests) and total comprehensive income (if any).
protection of rights
The authorities explained that this decision will strengthen the reporting of financial results by listed companies, improve the accuracy of reading financial statements by capital market authorities, and contribute to maintaining shareholder rights and protecting investors.
Starting from the next announcement of financial results of listed companies through the Saudi Exchange Tadawul, the Capital Markets Authority has amended the financial results announcement template for listed companies, requiring them to disclose both the net profit (loss) attributable to the shareholders of the entity (after deducting minority interests) and the total comprehensive income (if any).
protection of rights
The authorities said that this decision will strengthen the reporting of financial results by listed companies, increase the accuracy of reading of financial results from capital market authorities, and contribute to preserving shareholder rights and protecting investors.
