Saudi Capital Market Authority seeks public comments on strengthening information disclosure

Saudi Capital Market Authority launches public consultation on a draft to strengthen disclosure requirements for the management discussion of financial performance in the board's annual report. The draft will refine existing regulatory provisions related to financial and operating performance disclosure, establishing a separate section in the board's annual report to consolidate and organize the relevant content. The draft specifies the minimum disclosure content for this standalone section, covering analysis of company performance, operating results, financial position, liquidity, and financial information related to the audited financial statements. The consultation period lasts 30 days, ending on November 20.