DFM achieves 100 percent compliance in Q1 results disclosure of UAE companies

DUBAI, 20th May, 2015 (WAM) -- The Dubai Financial Market (DFM) yesterday announced that its UAE listed companies have showed a 100 percent compliance to disclose their Q1, 2015 results within the deadline of 45 days from the end of the first quarter. Forty-five UAE public joint stock companies listed on DFM successfully disclosed their quarterly results, with the exception of Al Firdous as its financial year-ends on 31st March, according to a press release of the DFM. Meanwhile, DFM suspended trading on three dually listed companies namely; Hits Telecom holding, Al Madina for Finance & Investment and International Financial Advisors, which missed the deadline to provide the exchange with full and audited financial statements as per the UAE Securities and Commodities Authority (SCA) and DFM requirements. DFM also submitted a detailed report to SCA including the disclosure dates and its observations on the disclosures. – Emirates News Agency, WAM – http://www.wam.ae/en/news/economics/1395280800121.html