Abu Dhabi Securities Exchange (ADX) announced today that 26 companies, out of 67 companies listed on the exchange, have disclosed their financial statements for the first quarter of 2012.
The companies that disclosed their financial statements did so within the first 30 days of the 45 day deadline. Companies whose securities are listed on the exchange are required to provide ADX with Interim financial reports which are reviewed by the external auditor of the company within forty-five days from the end of the specified time period.
The companies that successfully disclosed their first quarter results are:
Invest Bank, Finance House, Sharjah Islamic Bank, National Bank of Ras Al Khaimah, Union National Bank, Emirates Telecommunication, First Gulf Bank, Abu Dhabi Commercial Bank, Insurance House, National Bank of Umm Al Qaiwain, Gulf Pharmaceutical Industries, Sharjah Cement & Industrial Development, Agthia
Group, RAK Properties, Emirates Insurance, Aldar Properties, Gulf Medical Projects, Abu Dhabi Aviation, National Takaful, Bank of Sharjah, National Bank of Abu Dhabi, Eshraq Properties, National Bank of Fujairah, Qatar Telecommunication, International Fish Farming, Arkan Building Material.
Mr. Saif Sayah Al Mansouri, head of Listed Companies at ADX, expressed his appreciation to the companies that disclosed their financial statements saying that Abu Dhabi Securities Exchange will always endeavor to maintain and promote the principals of transparency and disclosure.