DFM Announces AGM and Dividend Plans
Dubai Financial Market PJSC invites shareholders to its AGM to discuss key financial reports and dividend distributions.
Summary
Dubai Financial Market PJSC is set to host its Annual General Assembly Meeting to discuss financial reports, approve dividends, and address key resolutions.
The Dubai Financial Market PJSC (DFM), a leading financial trading platform in the United Arab Emirates, has announced its upcoming Annual General Assembly Meeting (AGM), scheduled for April 7, 2025. This meeting will be conducted both virtually and physically at the Trading Hall in the Dubai World Trade Center. This dual setup aims to accommodate a diverse range of shareholders and ensure maximum participation.
The AGM's agenda covers crucial topics, including the approval of the Board of Directors' and Auditor’s reports, the Fatwa and Sharia Supervisory Board’s report, and the company’s financial statements for the fiscal year ending December 31, 2024. The meeting will also address the distribution of cash dividends at a rate of 3.2% of the share capital, translating to 3.2 fils per share. This decision reflects the company’s commitment to delivering value to its shareholders.
Additional agenda items include the appointment of the Fatwa and Sharia Supervisory Board for 2025, consideration of the Board of Directors’ remunerations, and the discharge of liabilities for both the Board and auditors for the past fiscal year. The AGM will also decide on the appointment of external auditors and their fees for 2025, as well as special resolutions concerning related party transactions.
DFM's adherence to Islamic Shari’a principles is evident in its operations, ensuring that all activities and investments align with these guidelines. This compliance not only strengthens its market position but also enhances investor confidence, particularly among those seeking Shari’a-compliant investment opportunities.
From an investment perspective, the DFM has shown resilience and adaptability, crucial traits in the dynamic financial markets. The proposed dividend distribution indicates a stable financial performance, making it an attractive option for investors seeking steady returns. However, given the current market conditions and the need for careful financial management, a neutral stance is recommended.
In conclusion, while the DFM demonstrates strong financial health and a commitment to shareholder value, potential investors should adopt a 'hold' strategy. This approach allows for monitoring of market developments and company performance, ensuring informed investment decisions.
Source
Summary
The Dubai Financial Market Company (PJSC) invites its shareholders to attend the Annual General Assembly Meeting (AGM) on April 7, 2025, at 3:00 pm, which will take place both virtually and physically at the Dubai World Trade Center. The agenda includes reviewing reports from the Board of Directors, Auditors, and Fatwa and Sharia Supervisory Board for the fiscal year ending December 31, 2024. Shareholders will discuss and approve the company's financial statements, dividend distribution of 3.2% per share, and the appointment of the Fatwa and Sharia Supervisory Board for 2025. Other agenda items include discharging liabilities of the Board and Auditors, appointing external Auditors for 2025, and approving related party transactions. Shareholders can register electronically and vote online. The meeting requires a quorum of at least 50% of the company's share capital. If the quorum is not met, a second meeting will be held on April 14, 2025. Shareholders are encouraged to update their contact details and review financial documents on the company's website.
