Dubai Financial Market PJSC Announces Board Meeting to Discuss Interim Financials and Regular Matters

Dubai, UAE - July 23, 2024: Dubai Financial Market PJSC (DFM), a cornerstone of the financial landscape in the United Arab Emirates, has announced a key Board of Directors' meeting scheduled for July 29, 2024, at 3:00 PM. The agenda for the meeting includes the review of the company's condensed consolidated interim financial information for the six-month period ending June 30, 2024, along with the discussion of other regular business matters.

DFM, a Public Joint Stock Company, operates under the aegis of the Government of Dubai, which holds an 80% stake through Borse Dubai Limited. Established under decree No. 62 in 2007, DFM has grown to become a pivotal player in the trading of financial instruments, offering services in financial investment consultancy, brokerage for local and foreign shares and bonds, and operating the Dubai Stock Exchange and its related clearing house.

The upcoming Board meeting is particularly significant as it will provide insights into the financial health and operational performance of DFM for the first half of 2024. Investors and market analysts are keenly awaiting the condensed consolidated interim financial information, which will shed light on the company's revenue streams, profitability, and overall financial stability.

With a market capitalization of AED 10.8 billion, DFM's performance is closely watched by stakeholders. The company's adherence to Islamic Shari'a principles in all its activities and investments further underscores its commitment to ethical and responsible business practices.

H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority, and Mr. Hamed Ahmed Ali, CEO of DFM, will be leading the discussions during the meeting. The agenda also includes the consideration of regular matters and any other business that may arise, ensuring a comprehensive review of the company's operations.

Given the strategic importance of this meeting, investors are advised to stay tuned for the outcomes, which could potentially influence DFM's stock performance. The review of the interim financials will offer a clearer picture of the company's trajectory and growth prospects for the remainder of the year.

In conclusion, the upcoming Board of Directors' meeting is a crucial event for DFM, providing an opportunity to assess its financial standing and strategize for future growth. Investors are encouraged to monitor the developments closely, as the insights gained from the meeting could inform their investment decisions.

Recommendation: Given the anticipated positive outlook and the strategic importance of the upcoming Board meeting, it is advisable for investors to hold their positions in DFM shares and await further financial disclosures.