DFM achieves 97.6% compliance

Dubai Financial Market (DFM) announced on Sunday that its UAE listed companies have showed  97.6% compliance to disclose their annual results within the deadline of three months from the end of the financial year.

Forty two out of the 43 UAE public joint stock companies listed on DFM disclosed their annual results by the end of March 2012, with the exception of Amlak Finance due to procedural reasons.

Meanwhile, DFM suspended trading in six 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: International Financial Advisors, Almadina for Finance and Investment Company, United Kaipara Dairies, National Industries Group Holding, National Real Estate and Al Mazaya Holding.

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