Abu Dhabi -18th  of May 2013: Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a 100% compliance rate in financial disclosure statements of its listed public joint stock companies within the deadline of 45 days from the end of the financial period.

All 66 ADX listed companies, local and foreign, disclosed their 1st Quarter financial statements for 2013 within the 45 days period given. The combined net profit of all listed companies, as of the first financial Quarter of  2013, has showed an increase of 2% in comparison to the same period in 2012. The highest recorded increase was in the

Investment & Financial Services sector, with an increase of 509%, followed by the Banks sector with an increase of 15%.

Mr. Saif Sayah Al Mansouri, head of Listed Companies and acting head of Media at ADX commented: "The collaboration between ADX and its listed companies has always proved to be a productive one. We can clearly see the positive impact of this cooperation through the companies' fulfillment of their obligations on the disclosure of the 1st Quarter financial statements."  

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About ADX:
Abu Dhabi Securities Exchange (ADX) was established in November 2000 as the official stock exchange of the emirate of Abu Dhabi, the Federal Capital of the United Arab Emirates (UAE).  ADX is a market for trading securities including shares issued by public joint stock companies, bonds issued by governments and corporations, exchange traded funds and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA).

ADX has 68 listed Securities and a market capitalization of AED 292 Billion ($79.4 billion USD) as of September 30th 2012 and an investor base of 914,564 as of the end of 2012.  Of the total number of investors in the market 562,733 are UAE nationals, with 58 government entities, and 1,652 institutions.  Individuals from the Gulf Corporation Council (GCC) accounted for 272,531, with 4 GCC government entities, and 318 GCC institutions.  Individuals from Arab countries accounted for 47,856, with 81 institutions.  Other nationals accounted for 27,294, with 2,037 institutions. 

In alignment with the Abu Dhabi Government's Economic  Vision 2030, ADX aspires to be the exchange of choice by developing the capital market through legal environment that ensures disclosure, transparency and integrity.

Please visit www.adx.ae for more information.

For more information, please contact:
Adel Al Dhaheri
Manager of Media Relations
Abu Dhabi Securities Exchange
Telephone No: +971 (2) 612 8716
Fax No:  +971 (2) 612 8728
Mobile No: +97150 622 12 66
E-mail address: adelm@adx.ae

© Press Release 2013