The Dubai Financial Market announced today that the local companies listed in the market recorded a commitment rate of 96% in terms of disclosure of the initial financial statements for 2018, within the time limit The statute specified by the Securities and Commodities Authority is 45 days after the end of the year.



In a statement seen by Namazoun, the number of Emirati companies that disclosed the preliminary financial statements reached 49, and the number of non-Emirati companies that disclosed the preliminary financial statements within the specified time limit is 14 out of 16 companies listed on the market.

The Dubai Financial Market has submitted a detailed report to the Securities and Commodities Authority that includes financial disclosure dates and notes to take what it deems appropriate to companies that are not committed to disclosure. p>

The market provides advanced mechanisms that allow listed companies to immediately disclose their financial statements and other decisions through a sophisticated electronic disclosure system.

It is noteworthy that, Dubai Financial Market Company has become Dubai Financial Market Company a public joint stock company after the process of offering 1.6 billion shares worth one dirham per share in an initial subscription on November 12, 2006, The percentage offered for subscription represents 20% of the total paid-up capital to the market of 8 billion dirhams. The Dubai government owns 80% of the company’s capital after it was offered for public subscription, and the government represents in this share the Dubai Borse Company Limited.