Jordan advances digital reporting as 94% of listed firms file XBRL disclosures
On 7 April, the Amman Stock Exchange (ASE) reported a major digital milestone: 94% of listed companies filed their 2024 annual financial statements using XBRL through the ASE’s e-disclosure system. This strong adoption underscores Jordan’s growing commitment to transparency, regulatory compliance, and modernised financial reporting.
The uptake of digital reporting coincided with robust financial results. Public shareholding companies posted JD 2.072 billion in after-tax profits—up 6.4% from 2023—making it the second-highest net profit in ASE history. The financial sector led the gains, with a 24.4% increase in after-tax profits, while the service and industrial sectors saw respective declines of 5.5% and 12.7%.
Jordan began implementing XBRL as part of its broader drive towards greater financial transparency and market resilience. Amid regional instability, this digital transformation has supported more accurate, timely, and accessible financial reporting, contributing to investor confidence and policy clarity.
Jordan’s successful integration of XBRL into mainstream disclosure practices is an encouraging example of how digital reporting boosts quality and trust in financial data. It also reinforces the potential of structured data to support resilience and growth.
Read more here.
