CMA & Tadawul Disclosure

Continuing-obligation disclosure is where most Saudi listed companies face real regulatory exposure. From periodic financial reporting to material-event announcements on Efsah, the Capital Market Authority and the Saudi Exchange set a precise calendar and format that boards and IR teams must meet without exception. The framework is built on two buckets: periodic disclosure — financial statements on a fixed schedule, plus the board of directors' report — and event-driven disclosure of material developments, which must reach the market without delay. Main Market issuers report quarterly and publish annual statements within 90 days of year-end; Nomu issuers report half-yearly. Every Main Market notification has been bilingual since 2021. The cost of getting this wrong is not abstract: late or inconsistent disclosure draws regulatory findings and erodes investor trust. This hub collects Elevare Partners' analysis of what must be disclosed, when, by whom, and how to build a disclosure process that protects the company while serving investors — drawing on our evergreen disclosure guides and the weekly market digest. The strongest issuers prepare their announcements before the event. The weak ones improvise on the day.