Dubai Holding unit delays 2009 results again

Dubai Holding Commercial Operations Group (DHCOG), a unit of the conglomerate owned by Dubai's ruler, said it was delaying its full-year results again due to complexities in consolidating results of its units.

The company said in April it had delayed its 2009 financial results by two weeks to May 16, and trading in its Islamic bond, listed on Nasdaq Dubai, was halted on May 2, pending the annual results.

In a statement to Nasdaq Dubai website on Sunday, DHCOG said the annual results were delayed "due to the complexities of consolidating the financial results of its various operating businesses across multiple geographies."