Full compliance on Q2 disclosures: DFM

Dubai Financial Market (DFM) announced that its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of Q2 2011 results within the deadline of 45 days from the end of the period.

The total number of UAE public joint stock companies listed on DFM which disclosed their second quarter results reached 42 companies, with the exception of Amlak Finance and Al Firdous Holding, as both are already suspended due to procedural reasons.

The Exchange submitted a detailed report to the UAE Securities and Commodities Authority (SCA) including the disclosure dates and its remarks on the disclosures according to SCA requirements.

DFM also suspended trading of 7 foreign listed companies, which didn't disclose its quarterly statements within the deadline including: IFA, Kuwait Commercial Markets, National Industries, National Real Estate, Mazaya, Global and Gulf Finance House.

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