Suspension of trading in "Union Properties" shares
The Dubai Financial Market announced that trading in the shares of Union Real Estate Company has been suspended, explaining that the suspension decision is due to its failure to disclose essential information.
For its part, the Securities and Commodities Authority stated in a disclosure obtained by "Emirates Today", that the financial markets in the country are continuously following up the commitment of listed companies to disclose essential matters and information and financial data, publish them, and the timing of this publication, as well as verify their clarity and disclose them. The facts that they express, and taking the necessary measures to refer the listed companies' violations to the Authority for decision.
The Authority also follows up and evaluates the disclosures of the listed companies, and inflicts the appropriate penalty against the violating companies, indicating that in the event that the disclosures are not clear, trading in the shares of the concerned company will be suspended until a clear disclosure is received.
"Securities" warns of a site impersonating a licensed company
The Securities and Commodities Authority has warned against the website: “sicoksa.com” which impersonates a company licensed by it.
The authority also warned investors against dealing with this website for any services or activities subject to its control.
It explained that its warnings come from its supervisory role to prevent some parties from conducting activities or providing services without obtaining a license, approval or approval of the authority.