|17 February, 2020

Abu Dhabi Securities Exchange listed firms achieve 99% in disclosure compliance

63 out of the 64 companies disclosed their preliminary financial statements within the prescribed period of 45 days

A sign shows the way to the Abu Dhabi Securities Exchange in Abu Dhabi December 15, 2009. Abu Dhabi threw its flashy but debt-laden neighbour Dubai a $10 billion lifeline to head off a bond default, cheering Gulf and global markets on Monday but raising questions about the undisclosed terms.REUTERS/Ahmed Jadallah

A sign shows the way to the Abu Dhabi Securities Exchange in Abu Dhabi December 15, 2009. Abu Dhabi threw its flashy but debt-laden neighbour Dubai a $10 billion lifeline to head off a bond default, cheering Gulf and global markets on Monday but raising questions about the undisclosed terms.REUTERS/Ahmed Jadallah

REUTERS/Ahmed Jadallah

Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 99 per cent in disclosure compliance for annual preliminary financial results of the year 2019.

Last year, 63 out of the 64 companies disclosed their preliminary financial statements within the prescribed period of 45 days.

Moreover, three out of five private joint stock companies disclosed their annual preliminary financial statements for the year 2019. ADX emphasised on the fruitful cooperation which exists between the exchange on the one hand and the listed companies on the other hand.

Moreover, ADX explained that this commitment supports the progress of financial markets in the country and at the same time serves the aspirations of the public interest aimed at achieving disclosure and transparency in financial markets. 

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