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The Multi-Business Group Company, listed on the Saudi market, announced a new strategic direction to amend the periodicity of the disclosure of its financial statements to become a quarterly basis instead of the current system, explaining that this shift towards quarterly financial reports comes in line with international and local best practices in the areas of financial disclosure, according to a statement by the company on Sunday on Tadawul.
This approach aims to provide a more accurate and continuous view of the company’s financial and operational performance, allowing shareholders, investors and relevant entities to evaluate the company’s financial situation periodically and regularly during the fiscal year.
This decision comes within the framework of the company’s efforts to adopt the highest standards of transparency and corporate governance, as the company set the third quarter of the fiscal year 2026 as an official date for the start of this procedure, in line with the expectations of investors and regulatory requirements in the financial market.
The company said in detail that this decision is based mainly on the desire to promote the principles of effective governance, as stipulated in the Corporate Governance Regulation issued by the regulators.
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