Dubai Financial Market PJSC

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).

On January 26, 2024, a letter was sent 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. The letter informed them about a meeting of the Board of Directors of the Dubai Financial Market. The meeting is scheduled for January 30, 2024, at 3:00 PM. The agenda of the meeting includes: reviewing the company's consolidated financial statement for the year ended December 31, 2023, considering the distribution of cash dividends for the year ended December 31, 2023, discussing the Annual General Assembly Meeting agenda and invitation for the year ended 2023, and other regular matters and businesses. The letter was sent by Haitham Mohamed El Gebali, the Legal Counsel and Board Secretary of the Dubai Financial Market.