Capital Market Authority ("the Authority") announces the issuance of its Board's decision regarding the early application of International Financial Reporting Standard No. (18) "Presentation and Disclosure in Financial Statements"
هيئة السوق المالية ("الهيئة") تعلن عن صدور قرار مجلسها بشأن التطبيق المبكر للمعيار الدولي للتقرير المالي رقم (18) "العرض والإفصاح في القوائم المالية"
The Capital Market Authority announced its Board's decision allowing companies listed on the Saudi Exchange (Tadawul) to early-apply International Financial Reporting Standard No. 18, "Presentation and Disclosure in Financial Statements," during 2026, ahead of its mandatory application for financial periods beginning on or after 1 January 2027. IFRS 18 was issued by the International Accounting Standards Board on 9 April 2024 and adopted locally by the Saudi Organization for Chartered and Professional Accountants on 26 December 2024. Companies applying early must continue publishing approved statements under IAS 1, and all listed companies must disclose a preliminary assessment of IFRS 18's expected impact in statements for periods beginning on or after 1 April 2026.
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