The Dubai Financial Market announced that the rate of commitment of local companies listed in the market in terms of disclosure of the preliminary financial statements for the year 2019 reached 96% within the legal time limit set by the Authority Securities and commodities which are 45 days after the end of the year.
According to the Emirates News Agency, the number of Emirati companies that disclosed the preliminary financial statements reached 47, and the number of non-Emirati companies that disclosed the preliminary financial statements during the deadline reached 14 out of 16 companies listed on the market.
The market praised the keenness of the vast majority of listed companies to adhere to the deadline set by the authority, and he always called on them to work to ensure disclosure within the specified time frames, which contributes to maintaining the high rates of commitment to disclosure achieved by companies listed on the market regularly.
The market provides advanced mechanisms that allow listed companies to immediately disclose their financial statements and other decisions through the advanced electronic disclosure system.
And the Dubai Financial Market submitted a detailed report to the Securities and Commodities Authority that includes the dates of disclosure of the financial statements and its observations on them to take what it deems appropriate against companies that are not committed to disclosure.
