Dubai Financial Market achieves 100% compliance in local company

Dubai Financial Market, DFM, yesterday announced that its listed local public joint stock companies have recorded a 100 percent compliance regarding the disclosure of Q2-2015 results within the deadline of 45 days from the end of the period.

The total number of UAE public joint stock companies listed on DFM, which disclosed their second quarter results, reached 46 companies. The exchange submitted a detailed report to the UAE Securities and Commodities Authority, SCA, including the disclosure dates and its remarks on the disclosures according to SCA requirements.

DFM has suspended trading of two dually listed companies; Al Madina for Finance, and Investment and International Financial Advisors, which missed the deadline to provide the exchange with full financial statements as per the UAE Securities and Commodities Authority, SCA, and DFM requirements.