The Abu Dhabi Stock Exchange (ADX) has announced that the internal trading ban period will begin today pending the full disclosure of financial statements for the third quarter of 2024.
ADX announced the beginning of the ban on internal trading
news agency wam , 16 Sep 2024 - 18:21
The Abu Dhabi Stock Exchange (ADX) has announced that the internal trading ban period will begin today pending the full disclosure of financial statements for the third quarter of 2024.
According to Amac News: ADX's announcement states that this decision is based on Article (14) of Resolution No (2/R) of the Board of Directors of the Securities and Commodities Organization (SCA) in 2013 regarding regulations related to transactions, settlement of funds, The transfer of ownership and holding of securities has been adopted.
The resolution should be sent to the SCA, all listed companies, all ADX divisions, all brokers accredited by ADX and all ADX investors, according to the announcement.
According to Article 14, the president, members of the board of directors of a company, none of the employees who have access to insider information, are allowed to trade in the securities of the same company either by themselves or through others.
or its parent company, subsidiary, affiliated or affiliated company, if any of those companies have been accepted in the market within 15 days before the disclosure of the company's financial statements and until their disclosure.
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