Dubai Financial Market PJSC
Year to date
-0.10 %
3 months
0.01 %
6 months
-0.14 %
1 year
-0.20 %
3 years
0.00 %
5 years
0.00 %
Country of Origin: United Arab Emirates (U.A.E)
Dubai Financial Market (DFM) – PJSC (the “Company”) is a Public Joint Stock Company incorporated in the Emirate of Dubai – United Arab Emirates, pursuant to decree No. 62 for the year 2007 issued by the Ministry of Economy on February 6, 2007, and is subject to the provision of the UAE, Federal Law No. 8 for the year 1984 and its amendments.
The licensed activities of the company are trading in financial instruments, acting as commercial, industrial and agricultural holding and trust company, financial investment consultancy, and brokerage local and foreign shares and bonds. In accordance with its Articles of Association, the Company complies in all its activities, operations and formalities with the provisions of Islamic Shari’a and shall invest its entire fund in accordance with these provisions.
The company’s shares are listed on the Dubai Financial Market (“DFM”). The company currently operates the Dubai Stock Exchange, related clearing house and carries out investment activities on its own behalf.
The ultimate parent and controlling party is the Government of Dubai which owns 80% of DFM through Borse Dubai Limited (the “parent”), a Government of Dubai entity.
Latest Pressrelease Summaries
Threads
The Board of Directors of the Commercial Bank of Dubai (PSC) has invited all shareholders to the Annual General Assembly Meeting. The meeting will be held at 4:30 p.m. on Wednesday, March 6, 2024, at the bank's head office in Dubai. The agenda includes approving the Directors’ and Auditors’ Reports for the year ending December 31, 2023, the Internal Shari’ah Supervisory Board’s Report for 2023, and the bank's Consolidated Financial Statements for the same year. Also, the board will consider a recommendation for a cash dividend distribution equivalent to 50% of the net profit for 2023, amounting to 44.38% of the paid-up capital, totaling AED 1,324,828,187.
The Board of Directors of Dubai Financial Market Company (PJSC) has invited its shareholders to attend the Annual General Assembly Meeting (AGM) on March 26, 2024. The meeting will be held both virtually and physically. Shareholders will receive a link via SMS for electronic registration, attendance and eVoting a day before the AGM. The meeting will discuss various matters including approval of the company's financial position, the Auditor’s Report, the Fatwa and Sharia Supervisory Board’s Report, and the Company’s Balance Sheet and Profit & Loss Account for the fiscal year ended on December 31, 2023. It will also consider the proposal concerning distribution of cash dividends of 3.5% of the share capital and appointment of the external Auditors for the fiscal year 2024. Special resolutions include approval of related parties’ transactions during 2023 and changes to certain articles of the Company’s Articles of Association.
The letter is dated 04 March 2024, addressed to Dr. Maryam Buti Al Suwaidi, the Chief Executive Officer of the Securities and Commodities Authority in Abu Dhabi, UAE, and Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market in Dubai, UAE. The subject of the letter is the disclosure by the Dubai Financial Market (PJSC) regarding the date of issuing a Board of Directors' resolution by circulation. The letter announces that the company's Board of Directors will pass a resolution about ordinary and internal matters no later than March 07, 2024. The letter is signed by Ali Al Hashimi, the Chief Financial Officer of the Dubai Financial Market (PJSC).