DFM achieves full compliance in disclosures

Dubai Financial Market (DFM) on Monday announced that its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of 2010 second quarter 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 stood at 42 companies, with the exception of Amlak Finance and Tamweel. DFM has submitted a detailed report to the UAE Securities and Commodities Authority (SCA) including the disclosure dates and its observations on the disclosures according to SCA requirements.

DFM suspended trading of seven foreign listed companies, which did not disclose its quarterly results within the deadline including,

AlMadina, Grand, IFA, IIG, KFIC, National Industries and Gulf Finance House.

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