Dubai Financial Market Achieves 100% Compliance In Local Company Disclosures Of Q2-2010 Results

Dubai Financial Market (DFM) announced today that its listed local public joint stock companies have recorded a 100% compliance regarding the disclosure of Q2-2010 results within the deadline of 45 days from the end of the period.

The total number of UAE public joint stock companies listed at DFM which disclosed their second quarter results stood at 42 companies, with the exception of Amlak Finance and Tamweel. DFM yesterday submitted a detailed report to the UAE Securities and Commodities Authority (SCA) including the disclosure dates and its observations on the disclosures according to SCA requirements.

DFM suspended trading of 7 foreign listed companies, which didn’t disclose its quarterly results within the deadline including, ALMADINA, GRAND, IFA, IIG, KFIC, National Industries and Gulf Finance House.