Abu Dhabi bourse has 99% disclosure rate

Abu Dhabi Securities Exchange (ADX) announced that it achieved compliance rate of 99 per cent for the disclosure of annual financial statements of its listed public joint stock companies within the deadline of 90 days from the end of the financial period.  

64 companies out of 65 listed on Abu Dhabi Securities Exchange, successfully disclosed their annual results by the end of March 2014.  

It is worth noting that the combined net profit of all local listed companies as of 31 December 2013 has shown an increase of 6 per cent in comparison to the same period last year.  The highest recorded increase was in the real-estate sector with 52 per cent, followed by the investment & financial services sector with 39 per cent. 

Saif Sayah Al Mansouri, head of Listed Companies at ADX, said: “The collaboration between ADX Listed Companies department and the listed companies on ADX has always proved to be a productive one. We can clearly see the high level of collaboration in the compliance that the companies have adhered to.” 

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