Abu Dhabi Securities Exchange Achieves 95% in Disclosure Compliance of the Annual Financial Statements 2018

Abu Dhabi Securities Exchange Achieves 95% in Disclosure Compliance of the Annual Financial Statements 2018

Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate 95% regarding the disclosure of the annual financial statements 2018 of its listed public joint stock companies within the deadline of 90 days from the end of the financial period annual
 
62 out of 65, local and foreign, public listed companies disclosed their annual  financial statements for 2018 within the 90 days period given.
 
It is worthy to note that the combined net profit of all listed companies as of 31th Dec. 2018 has shown an increase of 2.59% in comparison to the same period in 2017. The highest recorded increase was in the Insurance Sector with an increase of 23.33% followed by the Banking sector with an increase of 18.46%.
 
On this occasion, ADX stated that the collaboration between the Exchange and its listed companies has always proved to be a productive one.

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