Dubai Financial Market Achieves 98% Compliance in Q1, 2016 Results Disclosure of UAE Companies

Dubai Financial Market Achieves 98% Compliance in Q1, 2016 Results Disclosure of UAE Companies

Dubai Financial Market (DFM) today announced that its UAE listed companies have showed a 98% compliance to disclose their Q1- 2016 results within the deadline of 45 days from the end of the first quarter. Forty-Six UAE public joint stock companies listed on DFM successfully disclosed their quarterly results, while one company only, Gulf General Investments, has missed the cutoff date.
 
Moreover, two Dually-listed companies, Almadina for Finance & Investment and International Financial Advisors missed the deadline to provide the exchange with a reviewed interim financial report by the external auditor as per the UAE Securities and commodities Authority (SCA) and DFM requirements.

DFM also submitted a detailed report to (SCA) including companies’ disclosure dates and its observations on the disclosures.

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