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Abu Dhabi Securities Exchange Achieves 95.3% in Disclosure Compliance of 1st Quarter Financial Statements 2019
May 21, 2019
Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 95.3% regarding the disclosure of the 1st quarter financial statements 2019 of its listed public joint stock companies, domestic and foreign, within the deadline of 45 days from the end of the financial period.
 
61 out of 64, local and foreign, public listed companies disclosed their 1st Quarter financial statements for 2019 within the 45 days period given.
 
It is worthy to note that the combined net profit of all listed companies as of 31 Mar. 2019 has shown a decrease of -2.85% in comparison to the same period in 2018. Yet, the Banking Sector witnessed an increase of profit with 2.69%, followed by the Telecommunication sector with a profit increase of 0.51%
 
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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