Dubai Financial Market (DFM) today announced that its UAE listed companies have showed a 96.7% compliance to disclose their annual results 2013 within the deadline of 3 month from the end of the financial year. 42 out of the 43 UAE public joint stock companies listed on DFM successfully disclosed their annual results by the end of March 2014, with the exception of Amlak Finance due to procedural reasons.
Meanwhile, DFM suspended trading on 5 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; United Kaipara Dairies – UNIKAI, Al Madina for Finance and Investment, Hits Telecom Holding, Al Salam Group Holding and National Industries Group.