Abu Dhabi (WAM)
The Abu Dhabi Securities Exchange announced that the period for banning the dealings of insiders of listed companies began as of December 17.
The market added, in today’s circular, that the ban period will continue until the listed companies fully disclose their annual financial statements for the year 2022.
The market stated that this decision will be circulated to all listed companies and all departments, authorized brokers and investors in the market.
And according to Article No. /14/ of the system for trading, clearing, settlement, transfer of ownership and custody of securities of the decision of the Board of Directors of the Securities and Commodities Authority for the year 2001, the chairman and members of the board of directors of the company whose securities are listed in the market and its general manager or any of the employees who have access to material information are prohibited The company may deal by itself or for its account through third parties or in any other capacity for the account of others in the securities of the same company or the parent, subsidiary, sister or allied company of that company, if any of these companies are listed in the market, before / 15 / fifteen days from the end of the year. The quarterly, semi-annual or annual financial period and until the financial statements are disclosed.
