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DFM sees 100pc compliance in Q2 disclosures.

Dubai Financial Market (DFM) has announced that its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of results for the second quarter of 2014.

The disclosure of results was achieved within the deadline of 45 days from the end of the period, a statement said.

The total number of UAE public joint stock companies listed on DFM which disclosed their second quarter results reached 42 companies, with the exception of Amlak Finance, as it is already suspended due to procedural reasons.

The Exchange submitted a detailed report to the UAE Securities and Commodities Authority (SCA) including the disclosure dates and its remarks on the disclosures according to SCA requirements.

DFM has suspended trading of one foreign listed company, Al Madina for Finance & Investment, which missed the deadline to disclose its quarterly statements. - TradeArabia News Service

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Publication:TradeArabia (Manama, Bahrain)
Date:Aug 18, 2014
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