Mr. Mazen Wathaifi Chief Executive Officer of Amman Stock Exchange (ASE) said that the ASE is still receiving the quarterly reports of the period ended in September 30, 2019, from companies listed on the ASE. Listed companies must submit quarterly reports reviewed by their auditors within one month after the end of said period, by virtue of the Directives for Listing Securities on the ASE for the year 2018.
Accordingly, the ASE will suspend trading in shares of the breaching company as of the first working day following the deadline of receiving the reports until the company submit to the ASE the required reports by virtue of Article (15/B/6) of the Listing Directives with the aim to enhance the protection of investors, transparency and disclosure in Jordan capital market, and help investors in being acquainted with the companies' information and results during the whole fiscal year. The ASE circulates these reports to the brokerage firms and on the ASE website www.exchange.jo in the Circulars and Disclosures/ Quarterly report window to be reachable for those interested.
Further, the ASE will announce through media the list of the breaching companies which did not submit their reviewed interim reports in specified time.