The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Dubai / WAM
Dubai Financial Market (DFM) on Tuesday announced that its UAE listed companies have showed a 98% compliance to disclose their Q1- 2016 results within the deadline of 45 days from the end of the first quarter.
Forty-Six UAE public joint stock companies listed on DFM successfully disclosed their quarterly results, while one company only, Gulf General Investments, has missed the cut off date.
Moreover, two Dually-listed companies, Almadina for Finance & Investment and International Financial Advisors missed the deadline to provide the exchange with a reviewed interim financial report by the external auditor as per the UAE Securities and commodities Authority (SCA) and DFM
requirements.
DFM also submitted a detailed report to (SCA) including companies’ disclosure dates and its
observations on the disclosures.