Saudi market reviews draft profit rules

The Saudi Securities Authority has launched a draft regulatory framework aimed at enhancing transparency and communication between listed companies and investors. This involves requiring companies to hold biannual meetings to discuss earnings immediately after announcing results. The regulations also emphasize the immediate publication of recordings and presentations on the company's website to improve the quality of information and facilitate the assessment of company performance. This measure is considered a step toward strengthening transparency and the efficiency of information exchange between companies and investors in the Saudi financial market.

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