(MENAFN - Khaleej Times) The Dubai Financial Market, or DFM, on Monday launched its sophisticated online disclosure solution "Efsah" (the Arabic synonym of "disclosure"), a secure Web-based application enabling listed companies to publish their disclosures swiftly and effectively.
Through a user name and password, the issuer can create and distribute regulatory disclosures immediately by completing a standard template online in both Arabic and English, and submitting along with the relevant documents in various formats. A preview facility is offered for final checks before a disclosure is released.
The application also enables listed companies to add their own list of recipients including investors, analysts and other stakeholders, who will instantly receive the disclosure. Additionally, the disclosing company can embargo a disclosure to be released at a later date or time.
"The introduction of the eDisclosure solution reflects DFM's commitment to achieving the highest level of disclosure and transparency as one of the main pillars of any financial market in order to protect investor interests, provide a safe environment for investments and to further enhance integrity and equality for all investors... the introduction of this solution will further enhance the disclosing process and better serve the market participants," DFM managing director and CEO Ezza Kazim said.