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Sunday, November 24, 2013

DFM Achieves 100% Compliance in Quarterly Results Disclosure of UAE Companies

Per www.mondovisione.com:

Date 17/11/2013

Dubai Financial Market (DFM) announced today that its UAE listed companies have showed a 100% compliance to disclose their quarterly results within the deadline of 45 days from the end of the period. All the 42 UAE public joint stock companies listed on DFM successfully disclosed their Q3-2013 results with the exception of Amlak Finance due to procedural reasons.
Meanwhile, DFM suspended trading on 2 Dual listed companies, namely Al Madina for Finance & Investment (ALMADINA) and National Industries Group (NIND), which missed the deadline to provide the exchange with the financial statements as per the UAE Securities and commodities Authority (SCA) and DFM requirements. DFM also submitted a detailed report to (SCA) including the disclosure dates and its observations on the disclosures.

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