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UAE banks to provide details of Saudi exposure
- United Arab Emirates: Wednesday, September 30 - 2009 at 15:09
The Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) have directed listed banks to disclose their exposure to troubled Saudi groups Saad and Algosaibi as part of regulatory measures. ADX sent out a circular urging banks to provide any exposure details by September 30 or to let ADX know by what date banks can provide those details. DFM said the exposure details must be included in the banks' Q3-09 financial statements.
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StaffWednesday, September 30 - 2009 at 15:09 UAE local time (GMT+4)
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