Dubai Financial Market achieves 100% compliance in Q1 results disclosure of UAE companies

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Dubai Financial Market achieves 100% compliance in Q1 results disclosure of UAE companies

Dubai Financial Market (DFM) today announced that its UAE listed companies have showed a 100% compliance to disclose their Q1- 2015 results within the deadline of 45 days from the end of the first quarter. Forty-five UAE public joint stock companies listed on DFM successfully disclosed their quarterly results, with the exception of Al Firdous as its financial year-ends on 31 March.
 
Meanwhile, DFM suspended trading on three dually listed companies namely; Hits Telecom holding, Al Madina for Finance & Investment and International Financial Advisors, which missed the deadline to provide the exchange with full and audited 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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