The Listed Companies in Abu Dhabi Securities Exchange Achieve a 92.3% Commitment to Disclosure of Annual Financial Results for the Year 2015

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The Listed Companies in Abu Dhabi Securities Exchange Achieve a 92.3% Commitment to Disclosure of Annual Financial Results for the Year 2015

Abu Dhabi Securities Exchange announced that the disclosure percentage of its listed companies has reached 92.3% with respect to disclosure of annual financial results for the year 2015. The companies achieved this percentage within the specified legal time limit of 90 days as of the end of the financial period. Sixty out of the total sixty five of the Exchange’s local and foreign public joint stock companies have been committed to this percentage.
 
It is worth mentioning that by comparing the annual financial results of the listed companies for the year 2015 with those of 2014, we noticed that they have decreased by 6.30%. The highest rate of increase was detected in the real estate field which reached 44.28%, followed by the services sector with a percentage of 22.06%.
 
Mr. Saif Sayyah Al Mansouri, Senior Head of Listed Companies Affairs at Abu Dhabi Securities Exchange, said: “The fruitful cooperation between Abu Dhabi Securities Exchange’s Management on one side and the listed companies in the Exchange on the other is a very fruitful and effective cooperation for the listed companies whose percentage reached (92.3%)”.
 
He also added that he hopes that there would be more commitment in the future to increase this percentage, and explained that such effort supports the activity of financial markets in the country. At the same time, this approach serves the aspirations of the public interest which seeks to achieve more disclosure and transparency in financial markets. Finally, he thanked those in charge of the listed companies for their continuous cooperation in this regard.

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