Press releases, Reports & Disclosures for Dubai Financial Market PJSC

Spinneys, a premium grocery retail supermarket operator, has successfully debuted on the Dubai Financial Market (DFM) following an oversubscribed IPO. The IPO was oversubscribed 64 times in aggregate, the highest level for a non-government-related IPO on the DFM in recent years. The Spinneys IPO raised AED 1.38 billion (USD 375 million), implying a market capitalization of AED 5.51 billion (USD 1.50 billion) at listing. Spinneys plans to continue its growth in 2024 with new stores in Saudi Arabia and the UAE, and the launch of new formats including a dining concept and a hyperlocal ecommerce offering.

The Dubai Financial Market (DFM) has released its margin parameters for various financial instruments, effective from May 9, 2024. The base margin percentages range from 5% to 13%, with the base margin per contract varying between AED 2 and AED 2048, and USD 767 for OMOIL. The spread margin per contract ranges from 1 to 410. The DFM has also provided links to its guidelines and procedures for margin calculation and eligible margin types. The information is subject to change and should be used in conjunction with the DFM's Regulated Derivative Contract Trading Regulation.