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.
Latest Pressrelease Summaries
Threads
The Board of Directors of Taaleem Holdings PJSC is inviting its shareholders to the annual general assembly meeting on 31 October 2023 at the Dubai Chambers of Commerce. The agenda includes the approval of the Board's report on the company's activities and financial position for the fiscal year ending 31 August 2023, the auditor's report for the same period, the balance sheet, profit and loss, and financial statements. They will also consider the Board's recommendation to distribute a cash dividend amounting to AED 110 million and a proposal concerning the Board's remuneration for the period from 23 November 2022 to the end of the fiscal year 2023. The meeting will also discuss discharging the Board members and external auditors from any liability for the fiscal year ended 31 August 2023, or dismissing them and filing liability lawsuits against them. The appointment of the external auditors for the fiscal year ending on 31 August 2024 will also be considered.
The Dubai Financial Market (DFM) has reported a 109% increase in net profit for the first nine months of 2023, reaching AED 186.2 million. The DFM also attracted 35,357 new investors during this period, 72% of which were foreign investors. This has expanded the investor base to over a million. Trading value increased by 12% to AED 78 billion, and the DFM General Index rose by 25%. Market capitalization more than doubled since 2020, reaching AED 697 billion. The total number of trades also increased by 37% to 1.43 million. The results demonstrate DFM's growing global appeal and its role as a key financial hub.
The document is a review report and condensed interim consolidated financial information for Dubai Financial Market (DFM) P.J.S.C. It covers the financial performance of the company for the nine-month period that ended on 30th September 2023.
The text is a formal communication dated 30 October 2023, from the Dubai Financial Market to Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market. The subject is the results of a board meeting of the Dubai Financial Market held on the same day. The board approved the condensed consolidated interim financial information for the nine-month period ended 30 September 2023, and discussed regular matters and other businesses. The message is signed by Haitham Mohamed El Gebali, Legal Counsel and Board Secretary of Dubai Financial Market.