DFM achieves 97.6% compliance in Q1 results disclosure of UAE companies
Dubai Financial Market (DFM) announced that its UAE listed companies have showed a 97.6% compliance to disclose their Q1- 2014 results within the deadline of 45 days from the end of the first quarter. 41 UAE public joint stock companies listed on DFM successfully disclosed their quarterly results, with the exception of Amlak Finance due to procedural reasons, and Al Firdous as its financial year ends on 31 March.
Meanwhile, DFM suspended trading on 1 listed company; United KAIPARA Dairies which 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.
For further information, please contact:
Vice President- Media & Public Relations
Dubai Financial Market