Abu Dhabi: New Disclosure Rules Announced for ADX Listed Companies
Khaleej Times, 21 September 2024: Companies listed on the Abu Dhabi Securities Exchange (ADX) are now required to disclose the agenda and schedule of their board meetings if matters affecting the firm’s stock price are to be discussed.
The disclosures must be made at least two business days prior to the meeting date, Decisions taken during these meetings must also be disclosed immediately after the meeting ends, excluding the day of the meeting itself. If a company’s board of directors decides to hold a meeting on Friday, 27 September 2024, to discuss matters affecting the company’s stock price, the company must disclose the agenda and meeting schedule no later than Tuesday, 24 September 2024. Failure to disclose by the deadline would be considered a violation of market disclosure regulations.
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