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Ending the legal period for listed companies' semiannual disclosures

2008-08-19

Mr.Ahmad Awaida the CEO of the PSE announced the conclusion of the legal period for listed companies for disclosing their semiannual financial results for the year 2008 by the end of the working day of 14 August 2008, and that is under disclosures regulations that grant every company a period of (45) day from the last day of the fiscal year. Mr.Awaida indicated that 32 out of 35 listed and traded company had presented their results in the limited dare, while three companies hadn’t disclose yet which are: 

 Al Quds Bank-

 -Arab Concrete Products

 -Jerusalem Real Estate Investment      

Mr.Awaida pointed out that the current disclosing exceeded %91 which is a perfect percentage, but the PSE is always hoping for full commitment. And he indicated that the PSE and the CMA are making their efforts to deepen the companies" commitment in disclosures and transparency due to their importance in enforcing the fair trading basics. Also Awaida expected that the three companies will disclose upon this week.