Press releases, Reports & Disclosures for Dubai Financial Market PJSC

The Chairman of Al Salam Bank B.S.C. has invited shareholders to attend an Extraordinary General Assembly Meeting on 30 November 2023. The meeting will discuss the ratification of minutes from a previous meeting, the approval of the issuance of Tier 1 Financial Instruments and/or Sukuk with a total value not exceeding 230 million Bahraini dinars, and the authorization of the Chairman and/or the Group CEO to implement the necessary formalities for the above. In case of absence of a quorum, the meeting will be rescheduled for 7 December 2023, and then 14 December 2023 if needed. Shareholders can attend the meeting in person or appoint a proxy. A proxy form is available on the bank's website and must be submitted 24 hours before the meeting.

The Dubai Financial Market (DFM) concluded its final International Investor Roadshow of the year in New York, attracting significant interest from international institutions and investors. The Roadshow facilitated 82 meetings with sector specialists and portfolio managers from 45 prominent institutional funds. The event featured 11 Dubai listed companies and offered insights into the investment landscape of Dubai's capital markets. The Roadshow also hosted the inaugural Dubai Majlis Business Forum, which showcased the Dubai Economic Agenda and market opportunities in Dubai for future growth. The success of the Roadshow further solidified DFM's position as a leading global exchange for impactful investor engagement.

On 28th November 2023, a letter was sent from Haitham Mohamed El Gebali, the Legal Counsel & Board Secretary of the Dubai Financial Market (PJSC), to Dr. Maryam Buti Al Suwaidi, Chief Executive Officer of the Securities and Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, Chief Executive Officer of the Dubai Financial Market. The letter informed them that the Board of Directors of the Dubai Financial Market had passed a resolution by circulation, relating to regular and internal matters, as disclosed by the company on 24th November 2023.

The message is addressed to Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. It is a disclosure by the Dubai Financial Market regarding the date of issuing a Board of Directors’ resolution by circulation. The Company's Board of Directors will pass a resolution regarding ordinary and internal matters no later than November 28, 2023. The message is signed by Haitham Mohamed El Gebali, Legal Counsel & Board Secretary of the Dubai Financial Market.

The Dubai Financial Market has issued the Expiry Settlement prices for Micro DME Oman Crude Oil Futures Contracts expiring in November 2023. The contract, with the series code OMOIL F24, has an expiry settlement price of 82.67 USD. The information is subject to change and is not a substitute for the relevant Dubai Financial Market Regulated Derivative Contract Trading Regulation.

Dubai Financial Market (DFM) has announced a pilot program for trading carbon credits, set to launch at COP28. The program will introduce trading for two UAE carbon credit projects by DEWA and four international projects. DEWA will supply carbon credits from its Dubai-based projects. The pilot program, open to institutional investors, will run from 4th to 8th December 2023. The market for carbon credits is expected to grow significantly by 2030, potentially exceeding USD 50 billion. The pilot aims to support the UAE Government’s net zero by 2050 goal by providing a platform for companies to manage carbon emissions while pursuing decarbonization strategies. Each carbon credit represents a reduction in carbon emissions, with one credit offsetting one ton of CO2 equivalent emissions.

A new contract series for Micro DME Oman Crude Oil Futures, with the contract ID OIL221124001 and symbol OMOILF25, is set to be listed on the Dubai Financial Market on 24th November 2023 and will be available for trading. The contract is for January 2025 and will be de-listed on 22nd November 2024. The announcement is available on the Dubai Financial Market website. The information is subject to change and should be used in conjunction with the Dubai Financial Market Regulated Derivative Contract Trading Regulation.

The Dubai Financial Market (DFM), Nasdaq Dubai, and Shanghai Stock Exchange (SSE) have signed a Memorandum of Understanding (MoU) to strengthen capital market ties between Dubai and China. This partnership aims to enhance market efficiency and transparency, facilitate the exchange of knowledge and expertise, and promote joint product development. The collaboration also aims to introduce companies and issuers to the benefits of each market, providing them with access to growth opportunities. The MoU is seen as a significant step in strengthening international ties and fostering cooperation in key areas of capital market development.