DFM firms achieve 100pc result compliance
Dubai, August 17, 2010
Dubai Financial Market (DFM) said its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of second quarter results within the deadline of 45 days from the end of the period.
The total number of UAE public joint stock companies listed at DFM which disclosed their second quarter results stood at 42 companies, with the exception of Amlak Finance and Tamweel, said a sttaement from DFM.
The Dubai bourse on Sunday had submitted a detailed report to the UAE Securities and Commodities Authority (SCA) including the disclosure dates and its observations on the disclosures as per SCA requirements.
DFM had suspended trading of seven foreign listed companies, which didn’t disclose its quarterly results within the deadline. These compnies include AlMadina, Grand, IFA, IIG, KFIC, National Industries and Gulf Finance House.-TradeArabia News Service