Monday 15, August 2016

Dubai – MENA Herald: Dubai Financial Market (DFM) today announced that its listed local companies have recorded a 100% compliance regarding the disclosure of Q2-2016 results within the deadline of 45 days from the end of the period.

The total number of UAE public and private joint stock companies listed on DFM, which disclosed their second quarter results, reached 47 companies. The Exchange submitted a detailed report to the UAE Securities and Commodities Authority (SCA) including the disclosure dates and its remarks on the disclosures according to SCA requirements.

DFM has suspended trading of one dually listed company namely; Al Madina for Finance and Investment, which missed the deadline to provide the exchange with full financial statements as per the UAE Securities and commodities Authority (SCA) and DFM requirements.