Sunday 16 May 2010

Dubai Holdings Commercial Operations Group - Still No Financials

Well, "bukra" is in the official slogan of the Holding Company so this isn't a surprise I suppose.

DHCOG announced today on the Nasdaq that it still didn't have its financials finalized.

"Dubai Holding Commercial Operations Group LLC (“DHCOG”) has further extended the publication date of its 2009 consolidated financial statements, due to the complexities of consolidating the financial results of its various operating businesses across multiple geographies. In accordance with the rules and regulations set forth by the listing authority at Nasdaq Dubai, the voluntary suspension of listing on the exchange of DHCOG’s Medium Term Notes remains in force until DHCOG issues its Audited 2009  Financial Statements and Annual Report on or before May 31, 2010".
Remind me, did DHCOG buy a lot of new foreign subsidiaries in 2009?

2 comments:

Farmer Joe said...

maybe they should change their tag line to;
"Good for tomorrow?"

Abu 'Arqala said...

FJ

Thanks.

How about "Tomomrrow's good"?

SAM should sponsor a slogan contest.