95% Corporate Disclosure of its Annual Financial Results in 2018 by “Abu Dhabi Market”

02-04-2019 Media in\Abu Dhabi
The Abu Dhabi Securities Exchange (ADSM) announced that its local and foreign public shareholding companies have reached 95% in terms of disclosing the annual financial results of 2018.
This is within the period of time specified for the disclosure of the results of the listed companies, which is set at 90 days from the end of the financial period.
The results indicate the commitment of 62 local and foreign public shareholding companies in the market, representing 65 listed public companies.
By comparing the annual financial statements of listed companies in 2018 with the same period of 2017, the profits of listed companies increased by 2.59%, with the highest increase in the insurance sector at 23.33%, followed by the banking sector by 18.46%.
The Abu Dhabi Securities Exchange (ADX) management affirmed the excellent relationship between the market and the managements of listed companies. He expressed the hope that the close cooperation will continue to support the pace of activity in the financial markets in the country and serve the aspirations of the public interest aimed at achieving disclosure and transparency in the financial markets.