Dubai Financial Market achieves 100% Q3 disclosure compliance

Total number of UAE companies as well as the dually-listed companies reached 64 companies

  
Traders monitor stock information at Dubai Financial Market, in Dubai, United Arab Emirates, June 5, 2017. Image for illustrative purpose.

Traders monitor stock information at Dubai Financial Market, in Dubai, United Arab Emirates, June 5, 2017. Image for illustrative purpose.

REUTERS/Stringer

Dubai Financial Market (DFM) has announced that its listed companies have recorded a 100 per cent compliance regarding the disclosure of the third quarter results within the deadline of 45 days from the end of the period.

The total number of UAE companies as well as the dually-listed companies, which disclosed their third quarter results, reached 64 companies, said a statement from the DFM.

The Dubai bourse 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, it stated.

Meanwhile, DFM suspended trading of one of the dually-listed companies - International Financial Advisors (IFA), which missed the deadline to disclose the financial statements as per the SCA and DFM requirements.-TradeArabia News Service

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