Press releases, Reports & Disclosures for Dubai Financial Market PJSC

A new series of May 2024 SSFs Contract Series for equity future products will be available for trading from 08 February 2024. The contracts include a variety of securities such as AIRA RB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPW R, EMRDEV, ENBD, GFH, SALIK, and SHUAA. These contracts will be delisted on 16 May 2024. The announcement is available on the Dubai Financial Market website. The information is subject to change and should not replace the Dubai Financial Market Regulated Derivative Contract Trading Regulation.

The Dubai Financial Market Company (DFM) reported a 124% increase in net profit for 2023, reaching AED 329.4 million. The market capitalization also grew by 18% to AED 688 billion. Foreign investors played a significant role, contributing 47% of DFM’s trading activity and making up 73% of the 62,676 new investors. The board proposed a cash dividend of AED 280 million, representing 3.5% of the capital and 95% of the total retained earnings available for distribution. The robust results were attributed to increased trading activities, capital inflow, new investors, and the implementation of innovative market initiatives.

The report presents the consolidated financial statements of the Dubai Financial Market (DFM) - PJSC for the year ended 31 December 2023. The document provides detailed information about the company's financial performance, including its assets, liabilities, equity, income, and cash flows. It also includes notes and explanations about the financial data presented.

On January 30, 2024, the Board of Directors of Dubai Financial Market (PJSC) held a meeting. The board approved the company's Consolidated Financial Statement for the year ending December 31, 2023. They recommended a cash dividend distribution of 3.5% of the share capital, which equals 3.5 fils per share for the year ended 2023, pending the approval of the Company's Annual General Assembly. The board also approved the Annual General Assembly Meeting agenda and invitation for the year ended 2023, subject to the approval of the Securities and Commodities Authority. Other regular matters and businesses were also discussed. The meeting details were communicated by Haitham Mohamed El Gebali, the Legal Counsel and Board Secretary of Dubai Financial Market (PJSC).