DFM firms achieve 97.6pc result compliance
Dubai, May 20, 2014
Dubai Financial Market (DFM) said its UAE-listed companies have shown a 97.6 per cent compliance to disclose their first quarter results within the deadline of 45 days from the end of the period.
All 41 UAE public joint stock companies listed on DFM successfully disclosed their results except Amlak Finance (due to procedural reasons) and Al Firdous (as its financial year ends on March 31), said a statement from DFM.
Meanwhile, the Dubai bourse suspended trading on a listed company, United Kaipara Dairies 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.-TradeArabia News Service