Companies listed on Abu Dhabi Securities Exchange stand at 95.3% during the first quarter

Media in\ Abu Dhabi 21-05-2019
Abu Dhabi Securities Exchange (ADX) announced that its public and private shareholding companies’ shareholding ratio was 95.3% in the first quarter of 2019.
This is within the period of legal time limit for the disclosure of the results of listed companies, which is limited to 45 days from the end of the financial period. In this regard, the results indicate the commitment of 61 local and foreign public companies in the market out of 64 companies to disclose their financial statements .
It should be noted that comparing the financial statements of the listed companies for the first quarter of 2019 with the same period of 2018 shows that the banking sector recorded a rise in the profit ratio of 2.69%, followed by the telecommunications sector by 0.51%.
For its part, the Abu Dhabi Securities Exchange (ADX) management affirmed the distinguished relationship between the market and the managers of the listed companies on the other hand and it hopes to continue close cooperation to support the pace of activity of the financial markets in the country while at the same time serving the aspirations of the public interest aiming at achieving disclosure and transparency in financial markets .