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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Dubai Financial Market has announced a significant increase of 171% in its net profit for Q1 2024, before tax. The profit reached a total of AED 95.6 million.
The Annual General Assembly Meeting of Union Properties PJSC, originally scheduled for April 18, 2024, has been postponed due to the lack of quorum. The rescheduled meeting will take place both virtually and physically on Tuesday, April 30, 2024, at 2:00 PM at The Ritz Carlton Hotel, Dubai Financial Center, Dubai. The information was communicated by Fadi Saba, the Board Secretary of Union Properties PJSC, to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market.
The Board of Directors of Emirates Investment Bank PJSC is inviting all shareholders to their Annual General Meeting on March 26, 2024. The meeting will be held at the bank's head office in Dubai, and can also be attended remotely via Zoom. The agenda includes reviewing and approving reports and financial statements for the year ended December 31, 2023, considering proposals regarding dividends and board remuneration, discharging or holding liable board members and auditors, appointing auditors for 2024, electing board members for 2024-2027, and approving the appointment of shareholders' representatives. Shareholders may delegate a representative to attend and vote on their behalf. The meeting will only be valid if attended by shareholders owning or representing at least 50% of the bank's capital.