DFM achieves 97.6% compliance in annual results disclosure of UAE companies

Dubai, April 2, 2012 (WAM) - Dubai Financial Market (DFM) announced yesterday that its UAE listed companies has showed a 97.6% compliance to disclose their annual results within the deadline of 3 month from the end of the financial year. Forty two out of the 43 UAE public joint stock companies listed on DFM successfully disclosed their annual results by the end of March 2012, with the exception of Amlak Finance due to procedural reasons. Meanwhile, DFM suspended trading on 6 listed companies that 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. The suspended companies are: International Financial Advisors, Almadina for Finance and Investment Company, United Kaipara Dairies, National Industries Group Holding, National Real Estate and Al Mazaya Holding. - Emirates News Agency, WAM