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 (PJSC) has scheduled a Board of Directors' meeting for October 31, 2024, at 3:00 PM. The agenda includes reviewing the condensed consolidated interim financial information for the nine-month period ending September 30, 2024, and addressing regular matters and any other business.
The Dubai Financial Market (DFM) released a weekly summary of regulated short sell transactions for the period from October 21 to October 25, 2024. During this period, Parkin Company P.J.S.C. had a short sell trade volume of 5,000 with a trade value of AED 21,000. For more details on regulated short selling, refer to the DFM Market Rules and Operational Model available on their website. The information provided is subject to change, and DFM is not liable for any losses resulting from the use of this data.
The Dubai Financial Market announced the expiry settlement price for the Micro GME Oman Crude Oil Futures contracts expiring in October 2024. The settlement price is 75.38 USD for the contract series code OMOIL Z24, with the contract ID OIL241024001. This information is available on the Dubai Financial Market's website. The document includes a disclaimer stating that the information is subject to change and emphasizes that the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of any inconsistency.
Nasdaq Dubai has listed a USD 500 million Sukuk issued by Dubai Islamic Bank (DIB), marking the lowest yield of 5.25% for an emerging markets bank since April 2022. This additional Tier 1 Sukuk is dual listed on Nasdaq Dubai and Euronext Dublin and saw strong investor demand, reflecting confidence in DIB and the UAE's financial market. DIB, a frequent issuer, now has over USD 9 billion through 11 outstanding Sukuk listings on the exchange. The listing enhances Nasdaq Dubai's position as a global hub for Sukuk, with total outstanding Sukuk reaching USD 93 billion across 102 listings. The issuance attracted a diverse range of investors from Europe, Asia, and the Middle East. The listing was commemorated by a market-opening ceremony attended by Saeed Wajdi, Chief of Treasury at DIB, and Hamed Ali, CEO of Nasdaq Dubai and DFM. Dr. Adnan Chilwan, CEO of DIB, emphasized that the listing not only reaffirms market confidence in DIB but also endorses the UAE's economic resilience and ambitions.