DFM reports 96.7pc disclosure of annual results
Dubai, April 1, 2014
Dubai Financial Market (DFM) said its UAE listed companies have shown a 96.7 percent compliance to disclose their annual results for 2013 within the three-month deadline from the end of the financial year.
As many as 42 public joint stock companies out of 43 listed on DFM disclosed their annual results by the end of March, with the exception of Amlak Finance due to procedural reasons, said a statement.
Meanwhile, DFM suspended trading on five listed companies that 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.
The suspended companies are United Kaipara Dairies (Unikai), Al Madina for Finance and Investment, Hits Telecom Holding, Al Salam Group Holding and National Industries Group. - TradeArabia News Service