Tuesday , May 30 2023

Dubai Market: 100% of local companies publish the financial statements


The Dubai Financial Market (DFM) announced that local listed companies have recorded a 100% compliance rate for the release of financial results for the third quarter of 2018 within the legal deadline of 45 days after the end of the period.

"The number of local holding companies and companies listed in the DFM double-entry system, which has revealed 64 quarterly financial statements,

It explained that it submitted a detailed report to the Securities and Markets Authority (SCA), including the dates of the notification and notes, in accordance with the Authority's requirements.

The Dubai financial market also suspended the trading of shares of one of the dual-import companies that did not communicate quarterly data in accordance with ESCA and the Danish Financial Market (DFM), International Financial Advisory Council company.

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