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Banks told to come clean

Posted on 01 October 2009

From Khaleejtimes.com: There was a flurry of submissions by the banks listed on the Abu Dhabi Securities Exchange, or ADX, on Wednesday after a directive from the market regulator, the Securities and Commodities Authority, to provide details of their exposure to troubled Saudi conglomerates Saad Group and Al Gosaibi.

Similarly, the Dubai Financial Market, or DFM, has also asked the banks listed on its exchange to disclose the provisions taken in their third quarter financial statements………………..Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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