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Abu Dhabi Securities Exchange, ADX, has announced a 95 percent compliance rate regarding the disclosure of the annual financial statements 2018 of its listed public joint stock companies within the deadline of 90 days from the end of the financial period.
According to a statement, 62 out of 65, local and foreign, public listed companies disclosed their annual financial statements for 2018 within the 90 days period given.
The combined net profit of all listed companies as of 31st December 2018 showed an increase of 2.59 percent compared to the same period in 2017, the statement added, noting that the highest recorded increase was in the insurance sector with an increase of 23.33 percent followed by the banking sector with an increase of 18.46 percent.
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