Dubai Financial Market PJSC
About Dubai Financial Market PJSC
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 from Dubai Financial Market PJSC
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The Dubai Financial Market has issued the expiry settlement prices for its equity futures contracts set to expire in November 2024. These prices are listed for various contract series codes, including AIRARB at 2.910 AED, ANSRI at 0.980 AED, ARMX at 2.270 AED, DEWA at 2.490 AED, DEYAAR at 0.905 AED, DFMGI at 4729.58 AED, DFM at 1.410 AED, DIB at 6.500 AED, DIC at 2.100 AED, DU at 7.470 AED, EMAAR at 9.500 AED, EMPWR at 1.730 AED, EMRDEV at 11.400 AED, ENBD at 19.700 AED, GFH at 1.200 AED, SALIK at 5.400 AED, and SHUAA at 0.190 AED. This announcement is available on the Dubai Financial Market's website. The document notes that the information is subject to change and emphasizes that it is not a substitute for the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.
Nasdaq Dubai has announced the listing of two bonds issued by China's Ministry of Finance, totaling USD 2 billion. This includes a 3-year USD 1.25 billion bond and a 5-year USD 0.75 billion bond. The listing reflects the UAE's commitment to strengthening economic and financial ties with China, which have developed over four decades of diplomatic relations. With this listing, Nasdaq Dubai's total bond listings have reached USD 42 billion, with total debt listings at USD 135 billion across 156 issuances. Chinese entities have listed over USD 22 billion in debt on Nasdaq Dubai, with major Chinese banks being active issuers. Hamed Ali, CEO of Nasdaq Dubai, highlighted the importance of this issuance in fostering international relationships and enhancing Nasdaq Dubai's role as a bridge for global capital. Ian Johnston, Chief Executive of the Dubai Financial Services Authority, noted the transformative opportunities arising from the growing collaboration between China and the Middle East.
A new contract series for Micro DME Oman Crude Oil Futures, specifically the January 2026 contract, will be available for trading starting November 25, 2024. The contract, identified by the symbol OMOILF26 and the contract ID OIL211125001, will be listed until November 21, 2025. Further details can be found on the Dubai Financial Market website. The information provided is subject to change and should not replace the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.
Dubai Financial Market (DFM) has partnered with Al Maryah Community Bank (Mbank) to launch the IPO Upgrade program, which allows investors to leverage their subscription for selected Initial Public Offerings (IPOs) by up to five times. This initiative, supported by the Central Bank of the UAE, aims to enhance financial empowerment and accessibility within the UAE's capital markets. The program offers flexible investment options with the potential for higher allocations at a nominal fee. This collaboration highlights Mbank's role in financial innovation and DFM's commitment to transforming the UAE's financial landscape. Investors can access detailed information about the program through the DFM app or website.
The weekly trading summary for DFM Regulated Short Sell Transactions from November 11 to November 15, 2024, includes the following details: Emaar Properties PJSC had a short sell trade volume of 35 with a trade value of AED 319.20, while Salik Company PJSC had a short sell trade volume of 2,230 with a trade value of AED 12,153.50. For more information, refer to the DFM Market Rules and the Operational Model for Regulated Short Selling on the DFM website. The announcement is available online, and the information provided is subject to change without liability for any losses incurred.