Dubai, Abu Dhabi bourses suspend trading in some shares over delayed financial results

Trading in shares of Kuwait's Agility, Abu Dhabi National Energy Co and Qatar's Ooredoo were suspended over failing to meet market requirements
Dubai, Abu Dhabi bourses suspend trading in some shares over delayed financial results
(Getty Images)
By Reuters
Wed 15 Feb 2017 12:09 PM

Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) temporarily suspended trading in shares of companies for not submitting preliminary financial results for 2016.

DFM suspended trading in shares of Kuwait's Agility for not submitting its preliminary financial results for 2016. The company, one of the Gulf's largest logistics firms, is listed on the Dubai and Kuwait bourses.

Meanwhile, ADX said on Wednesday it had temporarily suspended trading in shares of Abu Dhabi National Energy Co because the company had not yet released its annual financial statement. The Abu Dhabi market also halted trading in shares of Qatar's Ooredoo for the same reason, it said.

UAE-listed companies are required to disclose their annual earnings results within 45 days from the end of the fourth quarter.

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