Dubai Financial Market PJSC
Year to date
-0.09 %
3 months
0.02 %
6 months
-0.11 %
1 year
-0.15 %
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.
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Nasdaq Dubai has listed a $1.5 billion Green Sukuk by DP World, a global supply chain solutions provider. The proceeds will be used for eligible green projects in line with DP World's Sustainable Finance Framework. This listing has helped raise Nasdaq Dubai's total Sukuk listings to $79 billion. The 10-year Green Sukuk attracted significant interest from investors, with a $3.4 billion order book from local, regional, and international investors. The Sukuk, with strong credit and ESG ratings, was priced at a spread of 119.8 bps above US treasuries with a 5.5% coupon rate. This marks one of the tightest 10-year spreads for a BBB rated corporate issuer from the Central and Eastern Europe, the Middle East and Africa (CEEMEA) region.