The Securities and Commodities Authority (SCA) said that local public joint-stock companies—including Al Firdous Holdings whose fiscal year ends March 31—have disclosed their financial statements for the second quarter of 2018, with a disclosure rate of 100%.

It explained that the number of listed companies—domestic and foreign—who disclosed their financial statements for the second quarter of this year, within the period specified by law, amounted to 129 out of 130, with a disclosure rate of 99.2%.

SCA also said that the number of listed companies—domestic and foreign—who disclosed their financial statements for the same period, using the eXtensible Business Reporting Language (XBRL), reached 124 out of 130, with a disclosure rate of 95.4%.

SCA further indicated that there are six companies, of which three are local and three are foreign, who have not disclosed their quarterly financial statements.

SCA praised in a statement those companies who have made timely disclosures, explaining that such disclosures are important to enhance confidence in the securities markets and to help investors make informed decisions.