Dubai Financial Market (DFM) announced that its UAE listed companies have showed a 100% compliance to disclose their Q1- 2013 results within the deadline of 45 days from the end of the first quarter. 42 UAE public joint stock companies listed on DFM successfully disclosed their quarterly results, with the exception of Amlak Finance due to procedural reasons.
Meanwhile, DFM suspended trading on 2 listed companies that missed the deadline to provide the exchange with full and audited 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; Hits Telecom Holding and National Industries Group.
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