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ADX sees 93pc in disclosure compliance of financial reports

ABU DHABI, April 2, 2020

Abu Dhabi Securities Exchange (ADX) has achieved a compliance rate 93 per cent regarding the disclosure of the annual financial statements 2019 of its listed public joint stock companies and private listed companies within the deadline of 90 days from the end of the financial period annual.

Sixty out of 64, local and foreign, public listed companies disclosed their annual financial statements for 2019 within the 90 days period given.

Four out of 5 private listed companies disclosed their annual financial statements for 2019 within the 90 days period given.

The combined net profit of all public listed companies as of December 31, 2019 has shown an increase of 1.23 per cent in comparison to the same period in 2018. The highest recorded increase was in the Energy Sector with an increase of 42.83 per cent followed by the Insurance sector with an increase of 36.54 per cent. – TradeArabia News Service




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