- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 04:32 05:49 12:21 15:48 18:47 20:04
Several companies in the UAE have decided to hold off on initial public offers of shares because of the weakness of stock markets. (Supplied)
The Dubai Financial Market (DFM ) today announced that its UAE listed companies have showed a 100 percent compliance to disclose their Q1, 2015 results within the deadline of 45 days from the end of the first quarter.
Forty-five UAE public joint stock companies listed on DFM successfully disclosed their quarterly results, with the exception of Al Firdous as its financial year-ends on 31st March, according to a press release of the DFM.
Meanwhile, DFM suspended trading on three dually listed companies namely; Hits Telecom holding, Al Madina for Finance & Investment and International Financial Advisors, 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.
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