Abu Dhabi, 6th June 2007 - Finance House, a leading provider of retail and commercial finance in the UAE, was felicitated by Abu Dhabi Securities Market (ADSM) with an award for the best financial disclosure among all listed companies in Abu Dhabi for the year 2006.
Mr. Mohammed Abdulla Alqubaisi, Chairman of Finance House, said,"We are honored to have been bestowed with this recognition by ADSM. At Finance House disclosure and financial transparency ranks very high among our priorities. We strictly adhere to all disclosure reporting requirements of international reporting standards, UAE Central Bank as well as Emirates Securities and Commodities Authority (ESCA) and ADSM."
This recognition comes soon after Finance House was awarded the first place in the Diamond Category (i.e., Top category) by the Securities and Commodities Authority for best financial disclosure among all listed companies in the UAE for the year 2006.
Mr. Ramesh S. Mahalingam, Chief Investments & Financial Officer, received the plaque and the citation on behalf of Finance House from Mr. Khalil Mohamed Fulathi, Vice Chairman, ADSM, at a well attended function comprising a host of dignitaries and VIPs.