2 weeks Ago
Companies listed on the Abu Dhabi Securities Exchange (ADX) are now required to disclose the agenda and schedule of their board meetings — where matters affecting the firm's stock price will be discussed — at least two business days prior to the specified meeting date, it was announced on Friday. In a circular, ADX said that decisions taken during these meetings must be disclosed immediately after the meeting concludes, excluding the day of the meeting itself. Stay up to date with the latest news.
Follow KT on WhatsApp Channels. “For example, if a company's board of directors decides to hold a meeting on Friday, September 27, 2024, to discuss matters affecting the company's stock price, the company must disclose the agenda and meeting schedule no later than Tuesday, September 24, 2024. Failure to disclose by Tuesday would be considered a violation of market disclosure regulation,” the circular said.
ADX requested the listed companies to provide it with the financial report for the third quarter of this year in both Arabic and English using the disclosure electronic services (E-Services). The authority emphasised on the importance of disclosure and transparency regarding financial information of listed companies, for the benefit of all investors and securities dealers. According to the circular, the the following reports are required to be submitted to ADX:.
