The Dubai Financial Market (DFM) has reported a minor uptick in the number of listed firms disclosing their financial results, compared to the first half of the year.
Out of the 63 public joint stock and dually-listed companies on DFM, 61 released their Q3 2020 results within the prescribed 45-day deadline, posting a 97 percent compliance rate.
The latest disclosure rate is higher than the 96 percent recorded for the first half of 2020.
UAE builder Arabtec, as well as Marka, are among the companies who failed to disclose their financial results, the DFM said.
The construction firm’s shareholders had earlier voted to dissolve the company.
(Writing by Cleofe Maceda; editing by Seban Scaria)
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