Abu Dhabi, June 18, 2008 - Finance House, the leading provider of retail and commercial financing solutions in the UAE, was placed in the Diamond Category (i.e., Top category) for the second consecutive year. The award ceremony was held by Securities and Commodities Authority to honour companies for exemplary financial disclosure among all the listed companies in the UAE for the year 2007.
Mr. Mohammed Abdulla Alqubaisi, Chairman of Finance House, said, “We are very pleased with the reaffirmation of the recognition by the Authority. We continue to emphasize on maintaining and achieving the highest standards of transparency, disclosure, and corporate governance, in the best interests of our shareholders.”
The award, which is instituted and administered by the Authority, is based on a comprehensive system of ranking all listed companies of the UAE for timely and complete submission of financial information throughout the reporting calendar on a consistent basis.
Mr. Mohammed Alqubaisi, Chairman, received the trophy and citation on behalf of Finance House from Mr. Abdullah Alturaifi, Chief Executive Officer, Securities and Commodities Authority, at a well attended function organized by the Authority.