Dubai Financial Market PJSC

The message is addressed 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. It is a disclosure by the Dubai Financial Market regarding the date of issuing a Board of Directors’ resolution by circulation. The Company's Board of Directors will pass a resolution regarding ordinary and internal matters no later than November 28, 2023. The message is signed by Haitham Mohamed El Gebali, Legal Counsel & Board Secretary of the Dubai Financial Market.

The Dubai Financial Market has issued the Expiry Settlement prices for Micro DME Oman Crude Oil Futures Contracts expiring in November 2023. The contract, with the series code OMOIL F24, has an expiry settlement price of 82.67 USD. The information is subject to change and is not a substitute for the relevant Dubai Financial Market Regulated Derivative Contract Trading Regulation.

Dubai Financial Market (DFM) has announced a pilot program for trading carbon credits, set to launch at COP28. The program will introduce trading for two UAE carbon credit projects by DEWA and four international projects. DEWA will supply carbon credits from its Dubai-based projects. The pilot program, open to institutional investors, will run from 4th to 8th December 2023. The market for carbon credits is expected to grow significantly by 2030, potentially exceeding USD 50 billion. The pilot aims to support the UAE Government’s net zero by 2050 goal by providing a platform for companies to manage carbon emissions while pursuing decarbonization strategies. Each carbon credit represents a reduction in carbon emissions, with one credit offsetting one ton of CO2 equivalent emissions.

A new contract series for Micro DME Oman Crude Oil Futures, with the contract ID OIL221124001 and symbol OMOILF25, is set to be listed on the Dubai Financial Market on 24th November 2023 and will be available for trading. The contract is for January 2025 and will be de-listed on 22nd November 2024. The announcement is available on the Dubai Financial Market website. The information is subject to change and should be used in conjunction with the Dubai Financial Market Regulated Derivative Contract Trading Regulation.

The Dubai Financial Market (DFM), Nasdaq Dubai, and Shanghai Stock Exchange (SSE) have signed a Memorandum of Understanding (MoU) to strengthen capital market ties between Dubai and China. This partnership aims to enhance market efficiency and transparency, facilitate the exchange of knowledge and expertise, and promote joint product development. The collaboration also aims to introduce companies and issuers to the benefits of each market, providing them with access to growth opportunities. The MoU is seen as a significant step in strengthening international ties and fostering cooperation in key areas of capital market development.

The Dubai Financial Market has released the expiry settlement prices for Equity Futures Contracts expiring in November 2023. The prices range from 0.255 AED to 17.950 AED for various contract series codes. The announcement is available on the DFM website and any changes to this information will be subject to the Dubai Financial Market Regulated Derivative Contract Trading Regulation.

Dubai Financial Market (DFM) is organizing its second International Investor Roadshow in New York on November 20-21, 2023, in partnership with J.P. Morgan. This is the fourth roadshow for DFM this year, and it aims to provide international investors with opportunities to engage with Dubai-based companies and explore investment prospects in the UAE. The roadshow will feature one-to-one meetings with leading Dubai companies including DEWA, DFM, Du, Dubai Islamic Bank, Emaar Properties, and others. The event is part of DFM's effort to extend its global investor outreach and highlight Dubai's capital markets landscape.