Dubai Financial Market announced Thursday that it has formally requested listed banks to disclose their exposure to the Saudi groups Saad and Algosaibi in response to the Securities and Commodities Authority (SCA) circular. "Dubai Financial Market would like to emphasize that listed banks have to announce the provisions taken, if any, due to extending facilities to the two Saudi groups in their Q3-09 financial statements," a statement on the bourse's website has read.
Banks listed on the DFM include Emirates NBD, Mashreq and Dubai Islamic Bank.
