Press releases, Reports & Disclosures for Dubai Financial Market PJSC

Dubai Taxi Company PJSC (DTC) has started trading on the Dubai Financial Market (DFM), making it the second listing on the DFM this year. The listing saw record oversubscription levels of over 130 times, demonstrating strong investor confidence in DTC and Dubai's economic outlook. The total gross proceeds from the listing were approximately AED 1.2 billion (about US$ 315 million), with a market capitalization at the time of listing of AED 4.6 billion (around US$ 1.26 billion). The total value of equity listings on the DFM this year has now reached AED 12.3 billion. The successful listing underscores the strength of Dubai's capital markets and its strategic economic vision.

Dubai Financial Market (DFM) has launched a carbon credits trading pilot program that will run from December 5th to December 11th, 2023. The program will involve 24 carbon credit suppliers, partners, and market participants, including DEWA, DP World, and Emirates NBD among others. The carbon credits will be supplied by DEWA and internationally certified carbon projects. The initiative aligns with the UAE Government's net-zero by 2050 goal and is expected to significantly boost the carbon credits market, potentially reaching over USD 50 billion by 2030.