Arabia Falcon Insurance SAOG postponed the publishing of the initial summarized unaudited results for the period ended 30 September 2023. The company announced that the Capital Market Authority (CMA) has mandated all insurance companies to publish their third quarter financials for the period ended 30th September 2023 as per IFRS- 17 accounting standard in lieu of IFRS-4 standard that the company adopted earlier. The CMA vide its letter No.

CMA/1212/2023 dated 1st October has instructed the Company to publish its third quarter financial statements within 60 days from the end of the quarter. The company announced that the reason for extending the timelines associated with publishing of financial statements is due to increased actuarial reporting requirements, along with the new and additional disclosures as per IFRS-17 requirements in the financial statements.