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
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.
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.
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.