The Emirates Securities and Commodities Authority said that the amendment of the date of implementation of the decision and procedures for faltering and suspended listed companies through the screen of the second category of the market to next Sunday instead of yesterday, Wednesday, came In an effort to unify the trading system throughout the current week’s sessions.

The authority added in a statement that the amendment will contribute to benefiting from yesterday, Wednesday and Thursday, to follow up the implementation, and to ensure completely the integrity of the work of electronic systems in the markets and complete Test procedures for overcoming any technical obstacles and avoiding any breakdowns that may occur during trading.

The Securities and Commodities Authority has issued a decision regarding the application of procedures for dealing with troubled listed public shareholding companies as of the beginning of next July.

Where a follow-up list is set to include companies whose shares have been transferred from the first category to the second category because of the suspension of their listing for a period of six months or more or that the company has made losses Accumulated by 50% or more of its capital, based on the latest annual audited financial statements of the company, for the purposes of monitoring the performance of those companies.

It is noteworthy that the shares of companies suspended from trading in the Dubai Financial Market are Al-Firdaws Holding, Drake & Scull, Al-Khaleejia for General Investments and Marka, while companies that are suspended from trading in the market Abu Dhabi Securities is the Treasury Insurance and Investment Bank.

As for the companies whose accumulated losses exceed 50% in the Dubai market, and whose shares are currently traded, are: Amlak Finance, DXB Entertainments, Emirates Refreshments, Unikai Food, in addition to the following Gulf companies: Ann Digital, Al Madina Finance, International Financial Advisors, and Ithmaar Holding.