Mubasher: The Qatar Stock Exchange (QSE) on Monday announced the launch of a unified electronic disclosure system project using Extensible Business Reporting Language (XBRL language) in Qatar Capital Market.
The system aims at facilitating the disclosure process and serving all related parties, according to the bourse’s statement.
It will also make a paradigm shift in the disclosure of financial and nonfinancial data of the companies and it will develop the process of accessing all disclosures, which will improve both disclosure and transparency level.
Using such a programme will increase the speed of access to the required information by investors and other interested parties locally and internationally, the statement added.
Accordingly, all recipients will be able to obtain the information published at the same time immediately.
“Format standardisation of data dissemination process would make it easier for academics, analysts and the financial community to use such data in an organised and easy manner in the preparation of their reports and analyses in accordance with international accounting standards,” the statement highlighted.
All listed companies would be able to provide the QSE and the regulator with all financial and non-financial disclosures through uploading them on this platform.
