The Deputy Chief Executive Officer (CEO) of the Amman Stock Exchange (ASE) Mr. Bassam Abu Abbas, said that (98.5%) of 194 listed companies, have provided the ASE with their quarterly reports for the period ended 30/9/2017 during the specified period in the Directives for 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 interim reports reviewed by their auditors 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 2016.
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 reports window.
Taking into consideration, that only three companies namely; ALISRAA FOR ISLAMIC FINANCE AND INVESTMENT (ISRA) and JORDAN CHEMICAL INDUSTRIES (JOIC) and JORDAN PROJECTS FOR TOURISM DEVELOPMENT Company (JPTD) did not provide the ASE with their reviewed interim financial statements for the period ended on 30/9/2017 during the specified period. Accordingly, the ASE suspended (ISRA) and (JOIC) of trading as of Wednesday 1/11/2017. knowing that the (JOIC) company has provided the ASE with required financial statements after the specified period , While (ISRA) company will remain suspended until providing the ASE with the required financial statements.
As for (JPTD) is already suspended for not providing the ASE with its reviewed interim financial statements for the first quarter and second quarter of 2017 and the shares of ( JPTD) company shall continue be available for trading in the Unlisted Securities Market (OTC).