Dubai Financial Market PJSC

Dubai Financial Market (DFM) has launched a carbon credits trading pilot program that will run from December 5th to December 11th, 2023. The program will involve 24 carbon credit suppliers, partners, and market participants, including DEWA, DP World, and Emirates NBD among others. The carbon credits will be supplied by DEWA and internationally certified carbon projects. The initiative aligns with the UAE Government's net-zero by 2050 goal and is expected to significantly boost the carbon credits market, potentially reaching over USD 50 billion by 2030.

The Chairman of Al Salam Bank B.S.C. has invited shareholders to attend an Extraordinary General Assembly Meeting on 30 November 2023. The meeting will discuss the ratification of minutes from a previous meeting, the approval of the issuance of Tier 1 Financial Instruments and/or Sukuk with a total value not exceeding 230 million Bahraini dinars, and the authorization of the Chairman and/or the Group CEO to implement the necessary formalities for the above. In case of absence of a quorum, the meeting will be rescheduled for 7 December 2023, and then 14 December 2023 if needed. Shareholders can attend the meeting in person or appoint a proxy. A proxy form is available on the bank's website and must be submitted 24 hours before the meeting.

The Dubai Financial Market (DFM) concluded its final International Investor Roadshow of the year in New York, attracting significant interest from international institutions and investors. The Roadshow facilitated 82 meetings with sector specialists and portfolio managers from 45 prominent institutional funds. The event featured 11 Dubai listed companies and offered insights into the investment landscape of Dubai's capital markets. The Roadshow also hosted the inaugural Dubai Majlis Business Forum, which showcased the Dubai Economic Agenda and market opportunities in Dubai for future growth. The success of the Roadshow further solidified DFM's position as a leading global exchange for impactful investor engagement.

On 28th November 2023, a letter was sent from Haitham Mohamed El Gebali, the Legal Counsel & Board Secretary of the Dubai Financial Market (PJSC), to Dr. Maryam Buti Al Suwaidi, Chief Executive Officer of the Securities and Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, Chief Executive Officer of the Dubai Financial Market. The letter informed them that the Board of Directors of the Dubai Financial Market had passed a resolution by circulation, relating to regular and internal matters, as disclosed by the company on 24th November 2023.