Printer Friendly

Dubai Financial Market suspends seven foreign-listed companies.

While local public joint stock companies recorded a 100 per cent compliance regarding the disclosure of Q2-2012 results, seven foreign listed companies didn't disclose quarterly statements within the deadline

Local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of Q2-2012 results within the deadline of 45 days from the end of the period.

The total number of UAE public joint stock companies listed on DFM which disclosed their second quarter results reached 43 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 also suspended trading of seven foreign listed companies, which didn't disclose its quarterly statements within the deadline including: International Financial Advisors (IFA), Al Madina for Finance & Investment, Hits Telecom Holding, Al Mazaya Holding, Ekttitab Holding, International Investment Group , ACICO Industries Company.

2012 CPI Financial. All rights reserved.

Provided by Syndigate.info an Albawaba.com company
COPYRIGHT 2012 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:CPI Financial
Date:Aug 15, 2012
Words:179
Previous Article:EFG Hermes posts consolidated 2Q12 earnings of EGP 27 million.
Next Article:Mashreq rejuvenates Salaam Rewards programme.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters