95.1% of the listed and traded companies provided the ASE with their Quarterly Financial Statement 2019

The Acting Chief Executive Officer of Amman Stock Exchange’s  (ASE) Mr. Bassam Abu Abbas stated that (95.1%) out of 187 listed and traded companies have provided the ASE with their quarterly reports for the period ended 31/3/2019 during the specified period in the Directives of 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.

Abu Abbas added that all companies listed at the ASE should submit the ASE with their reviewed interim reports within one month after the end of the said period, according to the Directives for Listing Securities at the Amman Stock Exchange for the year 2018.

Abu Abbas 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 report window.

Abu Abbas added, that nine companies namely mentioned below; did not provide the ASE with their reviewed interim reports for the period ended on 31/3/2019 during the specified period. Accordingly, the ASE suspended them of trading as of Wednesday 1/5/2019. The companies will remain suspended until providing the ASE with the required financial statements.

As well as; the ASE continued suspending the shares of JORDAN PROJECTS FOR TOURISM DEVELOPMENT (JPTD) Company and JORDAN CHEMICAL INDUSTRIES (JOIC) Company for not providing the ASE with its audited annual reports and Quarterly reviewed interim financial statements for the period ended on 31/3/2019.