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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A new series of equity futures contracts will be available for trading on the Dubai Financial Market starting December 12, 2024. These contracts, set to expire on March 20, 2025, include various futures such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. The official announcement and further details can be found on the Dubai Financial Market's website. Note that the information is subject to change and the Dubai Financial Market Regulated Derivative Contract Trading Regulation will take precedence in case of any discrepancies.
Talabat has successfully debuted on the Dubai Financial Market (DFM) with the largest global technology IPO of 2024, raising approximately AED 7.5 billion (USD 2.0 billion). This IPO is also the largest in the GCC this year and the first technology sector IPO on DFM. Priced at AED 1.60 per share, Talabat's market capitalization at listing is around AED 37.3 billion (USD 10.1 billion). The offering received significant interest from local, regional, and international investors, resulting in oversubscription. Major investors included Emirates NBD AM SPC, the Abu Dhabi Pension Fund, and Emirates International Investment Company LLC. Delivery Hero SE, listed on the Frankfurt Stock Exchange, remains the majority shareholder. Talabat's listing is the third on DFM in 2024, reinforcing Dubai's position as a global financial hub. The event was marked by a market-opening ceremony attended by key figures including Talabat's CEO Tomaso Rodriguez and DFM's leadership.