Sunday, 22 November 2009 | 03:57 UAE time
COMPANIES
Dubai Financial Market
- 2.20 Last
- -0.07 (-3.08%) Today's Change
- 25.58m Volume
- 0.76-2.68 52 Week Range
- +0.85 (+62.96%) 52 Week Change
COMPANY DESCRIPTION
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.
KEY INFORMATION
Industry
Securities Market
Address
Dubai World Trade Center, Sheikh Zayed Road, 9700, Dubai, UAE
T
971 4 3055555
F
971 4 3055566
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 26 March 2000 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Borse Dubai | companies | 80 | UAE |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Essa Abdulfattah Kazim | Chairman |
| Nasser Al Shaali | Board Member |
| Saud Ahmad Abdulrahman Baalawy | Board Member |
| Ouhoud Khalfan Al Roumi | Board Member |
| Mohammed Hassan Al Marzouki | Board Member |
| Abdullah Majid Al Ghurair | 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 |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Internal Audit Manager, Abu Dhabi, UAE
- Banks Analyst, Dubai, UAE
- Product Manager, Dubai, UAE
- Market Risk Oficer, Dubai, UAE
- Project Finance Manager, Abu Dhabi, UAE
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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Selected data supplied by Reuters Limited. Click for Restrictions.