Dubai Financial Market PJSC
Year to date
-0.09 %
3 months
0.02 %
6 months
-0.12 %
1 year
-0.17 %
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
Al Mal Capital PSC, the Fund Manager of Al Mal Capital REIT (AMCREIT), has invited all unitholders to attend the General Assembly meeting on December 13, 2023, at the Dubai Investments PJSC head office. The meeting can be attended in person or remotely. The main agenda includes considering a special resolution to increase the Fund's issued share capital from AED 350,064,000 to a maximum amount of AED 440,000,000 through the issuance of up to 400,000,000 new units at an issue price of 1.0 AED per new unit, with an issue premium of 0.1 AED per new unit. The proposal is subject to obtaining approval from the Securities and Commodity’s Authority. Additionally, subscribers will be charged an issuance fee of 2.5 fils per unit. The Fund Manager will announce the subscription details at least twenty days before the start date, after obtaining approval from unit holders during the General Assembly Meeting.
Nasdaq Dubai has welcomed the Republic of the Philippines' first Sukuk listing, worth USD 1 billion, reinforcing its reputation as a preferred choice for sovereign issuances. The listing boosts Nasdaq Dubai's status as a top global platform for financial listings. The total value of sukuk listed on Nasdaq Dubai now stands at USD 85.11 billion, contributing to Dubai's recognition as one of the world's largest centres for sukuk listings with a total of USD 87.61 billion. This listing also signifies the Philippines' commitment to strengthening ties with the Gulf Cooperation Council and enhancing the Islamic finance market in the country.
A new series of equity futures contracts for March 2024 will be available for trading from 14 December 2023, as announced by the Dubai Financial Market. The contracts include various securities such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. The contracts will be de-listed on 21 March 2024. The announcement can be found on the Dubai Financial Market's website. The information is subject to change and should not replace the Dubai Financial Market Regulated Derivative Contract Trading Regulation.