Disclaimer
Not Financial Advice
SouqData is a data aggregation and analytics platform covering GCC stock exchanges. Nothing on this platform constitutes financial advice, investment recommendations, or solicitation to buy, sell, or hold any security. All content is provided for informational and educational purposes only.
Scores & Ratings
Analytics including Accounting Quality Scores, Dividend Safety Grades, Financial Distress indicators, Fair Value estimates, Shariah compliance screening, and governance scores are generated using disclosed methodologies based on publicly available financial data. These are analytical tools, not recommendations. They may not capture all relevant factors and should not be the sole basis for any investment decision. Past performance is not indicative of future results.
Shariah Compliance
Shariah screening results are generated algorithmically based on AAOIFI-standard financial ratios and do not constitute a fatwa or religious ruling. Compliance status may differ from official Shariah board determinations. Users seeking Shariah-compliant investment advice should consult a qualified Islamic finance scholar or their institution's Shariah board.
AI-Generated Content
Deep Research reports and certain analytics are generated using artificial intelligence (Anthropic Claude). AI-generated content may contain inaccuracies, hallucinations, or misinterpretations of data. Always verify AI-generated insights against primary sources.
Data Sources & Accuracy
Data is sourced from GCC stock exchange filings (DFM, ADX, ASE, BK, QSE, MSX, BHB, TDWL), Yahoo Finance, company annual reports, Saudi Exchange (saudiexchange.sa) monthly Member Activity Reports, and regulatory publications. While we strive for accuracy, data may be delayed, incomplete, or contain errors. Financial statements are extracted from annual reports and may not reflect the most recent filings. Market data may be delayed up to 24 hours.
Governance & Director Data
Director biographies, qualifications, board composition data, and governance analytics are compiled from public filings and may not be current. Board changes, appointments, and resignations may not be reflected immediately. Cross-exchange director matching uses name similarity algorithms including Arabic transliteration and may contain false positives or miss legitimate connections.
Regulatory Notice
SouqData is operated by Pangaea Capital. We are not licensed, regulated, or supervised by any GCC securities regulator, including but not limited to the SCA (UAE), DFSA (DIFC), ADGM FSRA, CMA (Kuwait/Oman/Saudi), QFMA (Qatar), CBB (Bahrain), or JSC (Jordan). We do not provide:
- Financial advisory services
- Securities recommendations or research reports
- Dealing or brokerage in capital markets products
- Fund management or portfolio advisory services
Users should be aware of their obligations under the securities laws of their jurisdiction and are encouraged to consult a licensed financial adviser before making investment decisions.
Data Sources & Verification
All data is derived from publicly available sources including GCC exchange filings, company annual reports, and Yahoo Finance. For full details on our data sources, extraction methods, and known limitations, see our Data Sources and Data Quality pages.
Users should always verify data against primary sources (original exchange filings, company annual reports) before relying on it for any purpose.
Last updated: April 2026