Abu Dhabi, UAE – 02 April 2020: Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate 93% regarding the disclosure of the annual financial statements 2019 of its listed public joint stock companies and private listed Companies within the deadline of 90 days from the end of the financial period annual
60 out of 64, local and foreign, public listed companies disclosed their annual financial statements for 2019 within the 90 days period given.
4 out of 5, private listed companies disclosed their annual financial statements for 2019 within the 90 days period given.
It is worthy to note that the combined net profit of all public listed companies as of 31th Dec. 2019 has shown an increase of 1.23% in comparison to the same period in 2018. The highest recorded increase was in the Energy Sector with an increase of 42.83% followed by the Insurance sector with an increase of 36.54%.
On this occasion, ADX stated that the collaboration between the Exchange and its listed companies has always proved to be a productive one.