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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Date: 24th July 2024 Mr. Hamed Ahmed Ali Chief Executive Officer Dubai Financial Market Dubai - United Arab Emirates Dear Sirs, Subject: Postponement of the Annual General Assembly meeting of Drake & Scull International P.J.S.C (‘The Company’) We would like to inform you that the quorum for the Annual General Assembly Meeting of the Company was not met. Consequently, another meeting will be held on Tuesday, 30th July 2024 at 3:00 PM at the same location. Sincerely Yours, Dana Abualghanam Board Secretary
Dubai Financial Market (DFM) reported a 74% increase in net profit before tax for the first half of 2024, reaching AED 195.4 million. Total consolidated revenue rose by 40% to AED 305.7 million. During this period, DFM attracted 72,583 new investors, 85% of whom were foreign, bringing the total investor base to over 1.1 million. Foreign investors accounted for 50% of trading activity. The market also hosted the annual Capital Market Summit, which drew over 1,000 global delegates. DFM Chairman H.E Helal Saeed Al Marri highlighted the strong performance and commitment to innovation, infrastructure, and service diversification, reinforcing Dubai's position as a significant player in the global financial market.
The document is a review report and condensed interim consolidated financial information for Dubai Financial Market (DFM) P.J.S.C. for the six-month period ending on June 30, 2024.
On July 29, 2024, the Board of Directors of the Dubai Financial Market (PJSC) held a meeting and approved the condensed consolidated interim financial information for the six-month period ending June 30, 2024. They also addressed regular matters and other business.
The weekly trading summary for DFM Regulated Short Sell Transactions from 22 July 2024 to 26 July 2024 reports that Dubai Islamic Bank (DIB) had a short sell trade volume of 700 and a short sell trade value of AED 4,179. For more details on Regulated Short Selling (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 available on the DFM website. The information provided is subject to change, and DFM is not liable for any losses resulting from the use of this data.