The Dubai Financial Market reported a net profit of AED147.1m ($40.05m) for the fiscal year 2022, representing a 41.7 percent increase compared to AED103.8m ($28.26m) in 2021.
Total revenue increased 19 percent, reaching AED351.2m ($95.63m).
The Board of Directors recommended a cash dividend of AED134.7m ($36.68m), equivalent to 1.68 percent of the capital. The Board also recommended a new fixed dividend policy, stipulating that the company distributes a minimum of 50 percent of its net profit annually.
Dubai Financial Market results
In the fourth quarter of 2022, the company posted a net profit of 58.1m ($15.82m) and total revenue of AED113.4m ($30.88m).
Trading value at DFM increased 24.5 percent to $90bn ($24.51bn) compared to 2021, and a 41.4 percent increase in market capitalisation of listed securities to $582bn ($158.48b).
Foreign investors accounted for 48.7 percent of DFM’s trading value and held 19 percent of the market capitalisation at the end of the year.
Dubai Financial Market attracted 167,332 new investors in the past year, bringing the total number of investors to over 1 million from 212 nationalities.
Helal Al Marri, Chairman of DFM Company, said: “DFM’s focus on capital market development strategy has produced results, making DFM a leader in new IPOs and listings with five successful IPOs of government-related and private companies.”
Al Marri also highlighted the launch of a new general index that provides best practices for indices and greater transparency for investors. The chairman also mentioned DFM’s efforts to diversify asset classes with the introduction of crude oil contract trading (Micro Oman Crude Oil Futures) and the launch of new equity futures, positioning DFM as one of the leading regional markets in terms of investment opportunities and asset class diversity.
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