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21 May 2013 Updated at 10:57 AM UAE
Dubai Financial Market
Dubai’s emergence as a financial hub for the Middle East led to the formation of the Dubai Financial Market (DFM) in March 2000.
And while global markets may have stumbled in 2008 as the economic downturn kicked in, that didn’t stop Dubai’s bourse from ending the year on a profit. In the year to December 31, the Dubai Financial Market generated an AED605m ($164.7m) net profit amid the financial crisis.
While profits were down from AED972m ($264.6m) the previous year, DFM’s chiefs insisted it was a tidy sum in difficult market conditions. During the same period, revenues reached $247.9m compared with $307.6bn in 2007.
The stock exchange is now one of three exchanges in the UAE followed by Abu Dhabi Securities Market (ADSM) and the Dubai International Financial Exchange.
The Dirham-denominated exchange recorded its biggest growth between 2004 and 2005 when there were significant increases in the volume of shares traded.
And while global markets may have stumbled in 2008 as the economic downturn kicked in, that didn’t stop Dubai’s bourse from ending the year on a profit. In the year to December 31, the Dubai Financial Market generated an AED605m ($164.7m) net profit amid the financial crisis.
While profits were down from AED972m ($264.6m) the previous year, DFM’s chiefs insisted it was a tidy sum in difficult market conditions. During the same period, revenues reached $247.9m compared with $307.6bn in 2007.
The stock exchange is now one of three exchanges in the UAE followed by Abu Dhabi Securities Market (ADSM) and the Dubai International Financial Exchange.
The Dirham-denominated exchange recorded its biggest growth between 2004 and 2005 when there were significant increases in the volume of shares traded.
More about the company
Address: Dubai World Trade Center, Sheikh Zayed Road PO Box 9700 , Dubai, UAE7 March 2007
DFM
Joint stock
26 March 2000
Public
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Officers »
| Board of Directors | Position |
Essa Abdulfattah Kazim |
Chairman |
Nasser Al Shaali |
Board Member |
Soud Ahmad Abdulrahman Baalawy |
Board Member |
Ouhoud Khalfan Al Roumi |
Board Member |
Mohammed Hassan Al Marzouki |
Board Member |
| Management | Position |
Essa Abdulfattah Kazim |
Director General |
Hassan Al Serkal |
Deputy Director General |
Ahmad Al Jazeri |
Finance and Administration Director |
Fahima Al Bastaki |
Listing and Disclosures Manager |
Major Shareholders
| Name | Country |
Borse Dubai |
UAE |
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