A ban on insiders' trading on UAE capital markets will go into force effective next week until the revelation of the Q3 financial statements by listed companies in compliance with the rules and regulations of the Securities and Commodities Authority.
The Abu Dhabi Securities Exchange and Dubai Financial Market have announced that the band shall be effective September 16 until the disclosure of the 2017 Q3 financial results as per Article 14 of Rules and Regulations governing trading, clearing, settlement, ownership transfer and securities activities.
According to SCA regulations, it shall not be permitted for a chairman, members of the board of directors of a company, any of the employees who has access to insider information to trade - whether by themselves or through others- in the securities of the same company or its parent company, subsidiary, affiliate or allied company if any of those companies were listed on the Market, during a period of 15 days prior to disclosing the financial statements of the Company and until they are disclosed.
GMT 19:20 2018 Thursday ,04 October
Jordan Kingdom thanks GCC states for financial aid "Al-Maashar"GMT 11:21 2018 Friday ,21 September
President Khalifa appoints UAE ambassadors to foreign countriesGMT 05:23 2018 Thursday ,20 September
UAE, Bahrain discuss bilateral tiesGMT 19:41 2018 Sunday ,16 September
UAE Cabinet approves new rule for retired expatsGMT 22:49 2018 Friday ,14 September
Tunisian President awards outgoing UAE Ambassador "First Class Order"Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor