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Mr. Saif Sayah Al Mansouri, head of Listed Companies at ADX

ADX achieves 99% in disclosure compliance

: Wednesday, August 20 - 2014 @ 15:18

Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 99% regarding the disclosure of the 2nd quarter financial statements of its listed public joint stock companies within the deadline of 45 days from the end of the financial period.

64 listed companies, local and foreign, disclosed their 2nd Quarter financial statements for 2014 within the 45 days period given.

It is worthy to note that the combined net profit of all listed companies as of 30th of June 2014 has shown an increase of 19% in comparison to the same period in 2013. The highest recorded increase was in the Investment & Financial Services sector with an increase of 767%, followed by the Energy sector with an increase of 94%.

Mr. Saif Sayah Al Mansouri, head of Listed Companies at ADX commented: “The collaboration between ADX and its listed companies has always proved to be a productive one. We can clearly see the positive impact of this cooperation through the companies’ fulfillment of their obligations on the disclosure of the 1st quarter financial statements.”

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Wednesday, August 20- 2014 @ 15:18 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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