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DFM achieves 100% compliance in quarterly results’ disclosure of UAE firms

DFM achieves 100% compliance in quarterly results’ disclosure of UAE firms
Amlak Finance
AMLAK
-2.57% 0.80 -0.02
NIND
NIND
1.90% 214.00 4.00
IFA
IFA
-4.78% 319.00 -16.00

AAN
AAN
0.63% 86.00 0.00
DFM
DFM
-2.13% 1.38 -0.03
ALMADINA
ALMADINA
-0.61% 16.20 -0.10
The Dubai Financial Market (DFM) has announced today, Monday, that its UAE-listed companies have reported a 100% compliance to disclose their quarterly financials within the deadline of 45 days from the end of the period.

All 44 UAE public joint stock companies listed on the DFM have successfully disclosed their Q3-14 results with the exception of Amlak Finance owing to procedural reasons, DFM revealed in its statement, adding that it has suspended trading on the shares of four dual-listed firms, namely: Almadina for Finance and Investment Company, Hits Telecom Holding K.S.C., National Industries Group Holding (S.A.K.), and International Financial Advisors K.S.C.

These Companies have missed the deadline to disclose their financial statements as per the UAE Securities and commodities Authority (SCA) and DFM requirements. The DFM has also submitted a detailed report to (SCA) including the disclosure dates and its observations on the disclosures.