Amman: A total of 165 public shareholding companies disclosed their 2022 preliminary business results to Jordan Securities Commission (JSC) during the specified legal period, accounting for 97% of all stock market-listed firms.
Meanwhile, 30 non-listed companies provided their 2022 buisness report to JSC, according to a commission’s statement on Wednesday.
The JSC affirmed its keenness to ensure companies’ compliance with securities law and disclosure instructions on submitting periodic reports, the statement added.
Disclosure aims to keep all shareholders informed with “full transparency and fairness” on these companies’ operations, as JSC applies Article 21 of Securities Law, which entitles the commission to take legal measures against violators, primarily the power to issue violation notices and impose financial fines, the statement said.
Source: Jordan News Agency