DFM achieves 98% compliance in Q1, 2016 results disclosure of UAE companies

Dubai, 18th May, 2016 (WAM):Dubai Financial Market (DFM) yesterday announced that its UAE listed companies have showed a 98% compliance to disclose their Q1- 2016 results within the deadline of 45 days from the end of the first quarter. Forty-Six UAE public joint stock companies listed on DFM successfully disclosed their quarterly results, while one company only, Gulf General Investments, has missed the cut off date. Moreover, two Dually-listed companies, Almadina for Finance & Investment and International Financial Advisors missed the deadline to provide the exchange with a reviewed interim financial report by the external auditor as per the UAE Securities and commodities Authority (SCA) and DFM requirements. DFM also submitted a detailed report to (SCA) including companies’ disclosure dates and its observations on the disclosures. – Emirates News Agency, WAM – http://www.wam.ae/en/news/economics/1395295595015.html