ADX to reward first five companies to disclose their quarterly financial results

ABU DHABI — As part of its endeavours to enhance the principles of sound and fair practices and expedite disclosure of financial results , Abu Dhabi Securities Exchange, ADX, has announced it will reward, effective Q2 2017, the first five listed companies to disclose their quarterly financial statements within the deadline set by the Securities and Commodities Authority, SCA.

In a circular sent to all listed companies, ADX, where a total of 63 companies are listed until the end of 2016, said the first five companies to release their financial results within the set deadline will be recognised at the ADX Annual Forum.

Names of the five early birds will be announced on ADX website, social media channels and in a press release to be sent to all media organs.

Source: Emirates News Agency