Latest news with #MazenWathaifi
Zawya
05-05-2025
- Business
- Zawya
Jordan: Net profits of ASE-listed companies stand at $795mln in Q1 2025
AMMAN — CEO of the Amman Stock Exchange (ASE) Mazen Wathaifi on Sunday said that the after-tax profits attributable to shareholders of public shareholding companies listed on the Amman Stock Exchange (ASE), which provided their financial data, rose to JD564.4 million in the first quarter of 2025. Wathaifi said that the figure marked an increase of 7.6 per cent, compared with JD524.6 million during the same period in 2024, the Jordan News Agency, Petra, reported. He added that the pre-tax profits for these companies also increased, reaching JD804.3 million in the January-March period of 2025 compared with JD758.1 million in the corresponding period of 2024, marking a 6.1 per cent rise. At the sectorial level, the CEO said that the after-tax profits for the industrial sector grew by 10.1 per cent, while the financial sector saw an 8.9 per cent increase. The services sector recorded a 12.7 per cent decline in profits, he pointed out. Wathaifi noted that these positive results in the first three months of 2025, in light of the geopolitical and economic challenges facing the region and the world, highlight the 'resilience, strength and capacity' of the national economy to overcome such risks 'efficiently'. He attributed these results to the 'effectiveness' of the implemented economic policies, the advancement of projects under the Economic Modernisation Vision, ongoing structural and legislative reforms, improved business environment and investment climate. Wathaifi said that the national economy has achieved several positive indicators, including a 2.5 per cent growth rate in 2024, a 5.8 per cent surge in total exports exceeding expectations, and foreign currency reserves surpassing $22 billion. The CEO also said that 94 per cent of the 160 companies listed on the ASE have submitted their reviewed interim financial statements for the period ending March 31, within the deadline, through the electronic disclosure system XBRL. He stressed that this percentage reflects the 'strong' commitment of listed companies to the applicable laws and regulations, and the principles and standards of disclosure and transparency. Wathaifi added that according to ASE's listing requirements, all listed companies are obligated to submit their reviewed financial statements, audited by their external auditors, within the designated period. He stressed that the ASE has made these statements available on its official website [ under the circulars and disclosures section (Quarterly Data). © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
04-05-2025
- Business
- Jordan Times
Net profits of ASE-listed companies stand at JD564m in Q1 2025
ASE CEO Mazen Wathaifi on Sunday says that the after-tax profits attributable to shareholders of public shareholding companies listed on the ASE, which provided their financial data, rise to JD564.4 million in the first quarter of 2025 (File photo) AMMAN — CEO of the Amman Stock Exchange (ASE) Mazen Wathaifi on Sunday said that the after-tax profits attributable to shareholders of public shareholding companies listed on the ASE, which provided their financial data, rose to JD564.4 million in the first quarter of 2025. Wathaifi said that the figure marked an increase of 7.6 per cent, compared with JD524.6 million during the same period in 2024, the Jordan News Agency, Petra, reported. He added that the pre-tax profits for these companies also increased, reaching JD804.3 million in the January-March period of 2025 compared with JD758.1 million in the corresponding period of 2024, marking a 6.1 per cent rise. At the sectorial level, the CEO said that the after-tax profits for the industrial sector grew by 10.1 per cent, while the financial sector saw an 8.9 per cent increase. The services sector recorded a 12.7 per cent decline in profits, he pointed out. Wathaifi noted that these positive results in the first three months of 2025, in light of the geopolitical and economic challenges facing the region and the world, highlight the 'resilience, strength and capacity' of the national economy to overcome such risks 'efficiently'. He attributed these results to the 'effectiveness' of the implemented economic policies, the advancement of projects under the Economic Modernisation Vision, ongoing structural and legislative reforms, improved business environment and investment climate. Wathaifi said that the national economy has achieved several positive indicators, including a 2.5 per cent growth rate in 2024, a 5.8 per cent surge in total exports exceeding expectations, and foreign currency reserves surpassing $22 billion. The CEO also said that 94 per cent of the 160 companies listed on the ASE have submitted their reviewed interim financial statements for the period ending March 31, within the deadline, through the electronic disclosure system XBRL. He stressed that this percentage reflects the 'strong' commitment of listed companies to the applicable laws and regulations, and the principles and standards of disclosure and transparency. Wathaifi added that according to ASE's listing requirements, all listed companies are obligated to submit their reviewed financial statements, audited by their external auditors, within the designated period. He stressed that the ASE has made these statements available on its official website [ under the circulars and disclosures section (Quarterly Data).
Zawya
25-03-2025
- Business
- Zawya
Jordan: ASE requests listed companies to file annual financial statements of 2024
AMMAN: Chief Executive Officer of Amman Stock Exchange (ASE) Mazen Wathaifi said that the ASE requests listed companies to submit their audited annual financial statements reports for the period ended December 31, 2024, through the e-disclosure System XBRL, prior to the end of Sunday, April 6. Wathaifi said that the step is in line with the Jordan Securities Commission's decision to extend the legal deadline for submitting the 2024 annual reports until April 6, due to the coincidence of the annual report submission deadline with the Eid Al Fitr holiday, the ASE announced on its website. Accordingly, the ASE will suspend trading in shares of the violating company as of the first working day following the above-mentioned deadline until it provides the ASE with the required reports by virtue of Article (15/B/6) of the Listing Directives. The aim of requiring listed companies to provide the ASE with information and annual reports on timely basis is to enhance the protection of investors, transparency and disclosure in the capital market, and provide investors with the companies' information and results during the fiscal year, ASE said. The ASE circulates these reports on the ASE website under the Circulars and Disclosures/ annual reports window to be reachable for those interested. Also, the ASE will announce through media the violating companies' names that did not submit their audited annual reports within the specified period. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
24-03-2025
- Business
- Jordan Times
ASE requests listed companies to file annual financial statements of 2024
The ASE will announce through media the violating companies' names that did not submit their audited annual reports within the specified period (File photo) AMMAN — Chief Executive Officer of Amman Stock Exchange (ASE) Mazen Wathaifi said that the ASE requests listed companies to submit their audited annual financial statements reports for the period ended December 31, 2024, through the e-disclosure System XBRL, prior to the end of Sunday, April 6. Wathaifi said that the step is in line with the Jordan Securities Commission's decision to extend the legal deadline for submitting the 2024 annual reports until April 6, due to the coincidence of the annual report submission deadline with the Eid Al Fitr holiday, the ASE announced on its website. Accordingly, the ASE will suspend trading in shares of the violating company as of the first working day following the above-mentioned deadline until it provides the ASE with the required reports by virtue of Article (15/B/6) of the Listing Directives. The aim of requiring listed companies to provide the ASE with information and annual reports on timely basis is to enhance the protection of investors, transparency and disclosure in the capital market, and provide investors with the companies' information and results during the fiscal year, ASE said. The ASE circulates these reports on the ASE website under the Circulars and Disclosures/ annual reports window to be reachable for those interested. Also, the ASE will announce through media the violating companies' names that did not submit their audited annual reports within the specified period.
