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DFM achieves 100% compliance in Q1 results disclosure of local companies

MENAFN Press - 17/05/2009


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(MENAFN Press) Dubai Financial Market (DFM), the first regional exchange to go public, and the first shariaa complaint market globally, announced today it succeeded to achieve 100% compliance regarding disclosure of Q1-2009 results of the listed local public joint stock companies within the deadline of 45 days from the end of the period.

The total number of UAE public joint stock companies listed at DFM that disclosed their first quarter results stood at 41 company with the exception of Amlak Finance, Tamweel for procedural reasons, in addition to Al Firdous holding as its financial year ends in March 31st. DFM submitted a detailed report today to (SCA) including the disclosure dates and its observations on the disclosures according to (SCA) requirements.

DFM suspended trading of 4 foreign listed companies, 3 of them are Kuwaiti, ALMADINA, EKTTITAB and GRAND, in addition to the Bahraini company Gulf Finance House.

About Dubai Financial Market
Dubai Financial Market (DFM) was established as a public institution having its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareh

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