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
Threads
The Dubai Financial Market announced the introduction of a new series of equity futures contracts, effective from September 12, 2024. The series includes contracts for various companies with listing dates on September 12, 2024, and de-listing dates on December 19, 2024. The announcement is available on the Dubai Financial Market website. The information is subject to change and is not a substitute for the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.
Nasdaq Dubai has welcomed a USD 400 million Green Bond issuance from the Bank of China (Dubai Branch), one of China's major state-owned banks. The issuance, rated "A" by S&P Global Ratings and due in 2027, is part of the Bank of China’s USD 40 billion Medium Term Note Programme. The proceeds will be used to finance or refinance eligible green projects. This listing increases the total value of bonds listed on Nasdaq Dubai by the Bank of China to USD 1.47 billion and boosts Nasdaq Dubai's ESG-related issuances to USD 30 billion, with the total value of listed bonds reaching USD 41 billion. The Consul General of China in Dubai highlighted the strong financial cooperation between China and the UAE, emphasizing the bond's role in supporting sustainable development and the COP28 "UAE Consensus." The General Manager of Bank of China (Dubai Branch) stated that the proceeds will fund renewable energy and clean transportation projects in the UAE, reinforcing the bank’s commitment to green finance. Nasdaq Dubai's CEO welcomed the listing, underscoring Dubai's status as a key hub for international issuers.
The Dubai Financial Market (DFM) released a weekly summary for Regulated Short Sell (RSS) transactions for the period from September 2, 2024, to September 6, 2024. During this period, EMAAR Properties PJSC had a short sell trade volume of 2,045 and a trade value of AED 17,711.95. For more details on RSS, refer to the DFM Market Rules and the Operational Model and Procedures for Implementation of Regulated Short Selling available on the DFM website. The announcement is also accessible on the DFM website. The information provided is subject to change and is offered "as is" without liability for any potential losses.