Dubai Financial Market (DFM) today announced that its UAE listed companies recorded 100% compliance in disclosing their Q1 – 2012 financial results within the deadline of 45 days from the end of the period.
41 out of the 44 UAE public joint stock companies listed on DFM successfully disclosed their quarterly results by the end of March 2012, with the exception of Amlak Finance, ALFIRDOUS and United Kaipara Dairies due to procedural reasons.
Meanwhile, DFM suspended trading on 3 foreign companies that missed the deadline to provide the exchange with the 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: National Industries Group Holding, Mazaya Holding and Almadina for Finance & Investment.