Saudi Stock Exchange (Tadawul) has announced the soft launch of its electronic disclosure system "Ifsah" aimed at boosting the  transparency and efficiency of the market.

Ifsah was launched in co-operation with listed companies and authorized persons. The soft launch is to ensure readiness of all participants before the official inauguration of the system which is expected soon, said a statement from Tadawul.

Tadawul said it has organized a series of workshops for companies, on the new system at its media center in Riyadh.

Ifsah is an easy interactive system that provides electronic templates and forms via eXtensible Business Reporting Language to display entered organized data. It will allow investors and interested parties to download, save and process data published by listed companies.-TradeArabia News Service