ARN News Centre

Listed companies in UAE get more time to file statements

Sunday, 5 April 2020 10:18

Publicly listed companies in the UAE have been handed an additional 45 days to file their financial statements.

The Securities and Commodities Authority (SCA) says the initiative is aimed at addressing potential compliance issues triggered by the COVID-19 pandemic and their impact on capital markets.

The relief measure is applicable for all listed local and foreign companies as well as domestic investment funds registered with the SCA.

May 14 is the new deadline for submitting statements for the financial year 2019, while statements for Q1 2020 have to be filed by June 30.

More from Business

H.H. Sheikh Mohammed highlights expansion of economic ties with Africa

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
Abu Dhabi Airports posts strong passenger, cargo growth

Abu Dhabi Airports has reported its 18th consecutive quarter of double-digit passenger growth.
New deal with Microsoft values OpenAI at $500 billion

Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations.
Apple races past $4 trillion market value

Apple topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race.
Amazon targets as many as 30,000 corporate job cuts, sources say

Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.