DFM Achieves 100% Compliance In Annual Results Disclosure Of UAE Companies

Dubai Financial Market (DFM) today announced that its UAE listed companies have showed a 100% compliance to disclose their annual results 2016 within the deadline of 3 months from the end of the financial year. All of the 48 UAE public joint stock companies listed on DFM have successfully disclosed their annual results by the end of March 2017.

Meanwhile, DFM has suspended trading on four dual listed companies, namely Al Madina for Finance and Investment, Hits Telecom Holding, International Financial Advisors and National Industries Group, as they have 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.