DFM achieves 100% compliance in Q1 results disclosure

Dubai:

Dubai Financial Market (DFM) said that its UAE listed companies have showed a 100 per cent compliance to disclose their first quarter results within the deadline of 45 days from the end of the quarter. Forty-seven 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 March 31, the bourse said in an emailed statement.

Meanwhile, DFM suspended trading on two dually-listed companies, which missed the deadline to provide the exchange with full and reviewed financial statements as per the UAE Securities and commodities Authority (SCA) and DFM requirements, namely; Al Madina for Finance and Investment and Agility the Public Warehousing Company.

DFM also submitted a detailed report to (SCA) including the company’s disclosure dates and its observations on the disclosures.