Special Features
DFM achieves 96.7% compliance in annual results disclosure of UAE companies
Dubai Financial Market, DFM, announced that its U.A.E. listed companies have showed a 96.7% compliance to disclose their annual results for 2013 within the deadline of 3 month from the end of the financial year. 42 out of the 43 U.A.E. public joint stock companies listed on DFM successfully disclosed their annual results by the end of March 2014, with the exception of Amlak Finance, due to procedural reasons.Meanwhile, DFM suspended trading on 5 listed companies that missed the deadline to provide the exchange with full and audited financial statements as per the U.A.E. Securities and Commodities Authority, SCA and DFM requirements.
DFM also submitted a detailed report to SCA including the disclosure dates and its observations on the disclosures.
