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MENAFN Press - 16/08/2010

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(MENAFN Press) Dubai Financial Market (DFM) announced today that its listed local public joint stock companies have recorded a 100% compliance regarding the disclosure of Q2-2010 results within the deadline of 45 days from the end of the period.

The total number of UAE public joint stock companies listed at DFM which disclosed their second quarter results stood at 42 companies, with the exception of Amlak Finance and Tamweel. DFM yesterday submitted a detailed report to the UAE Securities and Commodities Authority (SCA) including the disclosure dates and its observations on the disclosures according to SCA requirements.

DFM suspended trading of 7 foreign listed companies, which didnt disclose its quarterly results within the deadline including, ALMADINA, GRAND, IFA, IIG, KFIC, National Industries and Gulf Finance House.


About Dubai Financial Market
Dubai Financial Market (DFM) was established as a public institution with its own independent corporate body.DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFM became a public joint stock company. Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited.

 






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