100% disclosure of listed companies on the Abu Dhabi Securities Market during the second quarter

100%  Media In – Abu Dhabi 15 August 2018 / WAM

 The Abu Dhabi Securities Exchange (ADSM) announced that 100% of its public and private shareholding companies have disclosed their financial results for the second quarter of 2018. He pointed out that this came within the period of legal time limit for disclosure of the results of listed companies and a period of 45 days from the end of the financial period. In this regard, the results revealed the commitment of 69 local and foreign public and private companies to disclose and represent all listed companies listed on the market. It should be noted that comparing the semi-annual financial statements of 2018 to the local and foreign public companies listed for the same period of 2017 shows that their profits increased by 0.57% and the highest increase was in the insurance sector at 75.08% followed by the financial services sector by 48.28%. The Abu Dhabi Securities Exchange (ADSM) said that the fruitful cooperation between the management of the market by the managers of the listed companies and the continued cooperation between the two companies is a clear reflection of the high percentage of financial disclosure of the listed companies which reached 100%.