Dubai Financial Market PJSC

Logotype for Dubai Financial Market PJSC
Ticker/ISIN
DFM
AED000901010
Market/Country
Dubai Financial Market
United Arab Emirates
Latest Stock Price
1.27 AED
2024-10-04

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

The weekly trading summary for DFM Regulated Short Sell transactions from October 7 to October 11, 2024, reports that there were no RSS trades during this period. For more details on Regulated Short Selling, refer to the DFM Market Rules and Operational Model documentation available on their website. The announcement is also accessible on the Dubai Financial Market's website. Please note that the information is subject to change, and DFM is not liable for any losses incurred from the use of this data.
GFH Financial Group announced that the Ordinary General Meeting scheduled for Wednesday, October 2, 2024, did not achieve the required quorum, with only 41.58% attendance. Consequently, a second meeting is planned for Wednesday, October 9, 2024, at 11:00 a.m., to be conducted via modern visual communication methods. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
The Dubai Financial Market (DFM) has announced the margin parameters for various futures contracts effective from October 9, 2024. These parameters include the base margin percentage, currency, base margin per contract, and spread margin per contract for different underlying symbols such as AIRARABIA, AlANSARI, ARMX, DEWA, and others. The margin percentages range from 5% to 17%, with margins specified in AED or USD depending on the contract. Detailed guidelines on margin calculation and eligible margin types can be found in the Derivatives Clearing Guidelines and Procedures. The announcement is available on the DFM website, and it is noted that the information may change. It is emphasized that this document does not replace the official DFM Regulated Derivative Contract Trading Regulation, which takes precedence in case of any discrepancies.
The Dubai Financial Market announced that a new series of equity futures contracts for January 2025 will be available for trading starting October 10, 2024. The contracts, which cover various securities, will be listed on October 10, 2024, and will be de-listed on January 16, 2025. The announcement and further details can be found on the Dubai Financial Market's website. The information in the announcement is subject to change, and the Dubai Financial Market Regulated Derivative Contract Trading Regulation will take precedence in case of any inconsistencies.
The Dubai Financial Market (DFM) released a weekly summary of regulated short sell transactions for the period from September 30, 2024, to October 4, 2024. During this period, the Dubai Taxi Company PJSC had a short sell trade volume of 2,000 with a trade value of AED 5,380. Salik Company PJSC had a short sell trade volume of 6,400 with a trade value of AED 27,200. For more information on regulated short selling, refer to the DFM Market Rules and Procedures. The announcement is available on the DFM website. The information provided is subject to change, and DFM is not liable for any losses incurred from using this data.
GFH Financial Group has scheduled its Ordinary General Meeting for October 2024. The agenda includes: 1. Approving the minutes of the previous meeting held on 24 March 2024. 2. Approving the Board of Directors' recommendation to establish a Sukuk Programme worth up to $500 million through a Special Purpose Vehicle (SPV), subject to necessary regulatory approvals. 3. Approving modifications and an offer related to the 2020 Sukuk issuance, including early redemption for cash of outstanding certificates. 4. Delegating powers to the Board of Directors to manage the Sukuk Programme establishment and the Offer, including obtaining necessary regulatory approvals and conducting essential procedures. 5. Delegating powers to the Chief Executive Officer to execute the Sukuk Programme and the Offer, including obtaining necessary approvals and conducting essential procedures. 6. Discussing any other matters as per Article 207 of the Commercial Companies Law. The meeting will be held via video conferencing on 2 October 2024, with alternative dates set for 9 October 2024 and 16 October 2024 if the legal quorum is not met.
The weekly trading summary for DFM Regulated Short Sell Transactions from 23 September 2024 to 27 September 2024 reports that there were no RSS trades during this period. For more information on RSS, refer to the DFM Market Rules and the Operational Model and Procedures for Implementation of Regulated Short Selling available on the DFM website. The announcement can also be found on the DFM website. Note that the information provided is subject to change and DFM is not liable for any losses resulting from the use of this data.
The Dubai Financial Market has issued an announcement regarding the expiry settlement prices for Micro GME Oman Crude Oil Futures contracts expiring in September 2024. The settlement price for the contract series code OMOIL X24 is 74.36 USD. This information is available on the Dubai Financial Market's website. The document includes a disclaimer stating that the information is subject to change and emphasizes that it is not a substitute for the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.

Threads

DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Notification from DFM regarding the delisting of Gulfa General Investments Company’s shares

The Dubai Financial Market has announced the delisting of shares of Gulfa General Investments Company (PJSC) with ISIN code (AEG000501011), effective from the end of the trading session on December 15, 2023. This action complies with the market's listing rules and the approval of the Securities and Commodities Authority. The delisting is in line with Article 1.13 (a) (iii) of the listing rules, which allows for the delisting of any security that has been suspended from trading for six months or more. Questions and answers related to this matter are attached.

1. Attached Document

DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Suspend trading on SALAM_BAH shares starting from 12:00 PM (UAE Time) as its BOD meeting is being held today, 11/12/2023 and until results are disclosed
DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Suspend trading on ASNIC shares starting from 12:00 PM as its BOD meeting is being held today, 11/12/2023 and until results are disclosed
DFM News

DFM News

News Update From Dubai Financial Market PJSC

Derivative News: Future Contracts - Margin Parameters

The Dubai Financial Market (DFM) has announced new margin parameters effective from 11th December 2023. The base margin percentages for various underlying assets range from 5% to 11%, with base margin per contract and spread margin per contract also specified in AED or USD. The detailed parameters for each asset, such as AIRARABIA, AlANSARI, ARMX, DEWA, DEYAAR, DFMGI, DFM, DIB, DIC, DU, EMAAR, EMAARDEV, EMIRATESNBD, EMPOWER, GFH, OMOIL, SALIK, and SHUAA, can be found in the announcement. Further information on margin calculation methodology and types of eligible margin is available in the Derivatives Clearing Guidelines and Procedures. This information is subject to change and should be considered in conjunction with the Dubai Financial Market Regulated Derivative Contract Trading Regulation.

1. Attached Document

DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Dubai Financial Market announces the quarterly periodic review of the general market index and the Sharia index, as of December 18, 2023
DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Resume trading on ARMX shares after disclosing the results of its BOD meeting
DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Transferring the listing of ALSALAMSUDAN- Al Salam Bank Sudan Company’s shares to the category “A”, from the effective date of December 08, 2023, based on the Chairman of the Authority’s Board of Directors’ Decision No. (13/R.M.) of 2020 regarding procedures for dealing with troubled listed public joint-stock companies.
DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Resume trading on ALSALAMSUDAN shares starting from 1:00 PM after disclosing their financial statements for the 1st , 2nd 3rd QTR of 2023. The Resume-Auction session (no-matching) will be 5 minutes
DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Suspend trading on ARMX shares starting from 9:30 AM as its BOD meeting is being held today, 08/12/2023 and until results are disclosed
DFM News

DFM News

News Update From Dubai Financial Market PJSC

DFM News: Press release - Dubai Taxi Company PJSC begins trading on the Dubai Financial Market

Dubai Taxi Company PJSC (DTC) has started trading on the Dubai Financial Market (DFM), making it the second listing on the DFM this year. The listing saw record oversubscription levels of over 130 times, demonstrating strong investor confidence in DTC and Dubai's economic outlook. The total gross proceeds from the listing were approximately AED 1.2 billion (about US$ 315 million), with a market capitalization at the time of listing of AED 4.6 billion (around US$ 1.26 billion). The total value of equity listings on the DFM this year has now reached AED 12.3 billion. The successful listing underscores the strength of Dubai's capital markets and its strategic economic vision.

1. Attached Document