The UAE's market regulator has imposed a fine of Dh100,000 on Sorouh Real Estate Company for not disclosing its first-half results on time, Gulf News reported. This is the first time the market regulator has fined a listed company.
"Sorouh Real Estate Company, listed in Abu Dhabi, has been fined Dh100,000. The fine has to be paid within a week, and the company should declare its results as soon as possible," the Emirates Securities & Commodities Authority (Esca) said in a statement.
