Abu Dhabi – The Abu Dhabi Securities Exchange (ADX) announced that the insider’s trading prohibition period will start as of Sunday, 16 June 2019 until the full disclosure of financial statements for the second quarter of the year.

All listed-firms and departments at the ADX and all brokers accredited by the stock market, as well as investors in the market, will be subject to this resolution, according to a statement.

In a separate statement, the ADX highlighted that listed-companies shall provide a reviewed quarterly financial report within a 45-day period from the end of any quarter along with the board’s report or management discussion and analysis.

Listed-firms should also get their financial reports approved from their executive management and prepared in accordance with the standards of international financial reporting standard (IFRS), the ADX added.

Source: Mubasher

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