DFM suspends 8 non-compliant firms

Dubai Financial Market (DFM) announced on Monday that its UAE listed companies have showed a 100 per cent compliance to disclose their quarterly results within the deadline of 45 days from the end of the period. All of the 44 UAE public joint stock companies listed on DFM successfully disclosed their first quarter results.

Meanwhile, DFM suspended trading on 8 foreign companies that missed the deadline to provide the exchange with the 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: Grand Real Estate Co, Al Mazaya Holding, Al Salam Bank Bahrain, International Financial Advisors - IFA, Agility, National Industries Group, Ekttitab Holding and Al Madina for Finance '&' Investment.

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