The Board of Directors recommends the distribution of AED 240 million cash dividend:
Q4 profit remarkably jumps 269% to AED 65.7 million resonating the strong improvement in trading value
H.E. Helal Al Marri sheds light on key developments and promising prospects:
- DFM ushers in a new chapter supported by leadership’s vision and the numerous initiatives from the Higher Committee for Development of Financial Markets
- Total trading value up 10.2% to AED 72.3 billion during 2021
- The General Index registered 28.2% growth, the highest since 2013
- The Market Capitalization increased 20.5% to AED 411 billion
- Foreign investors contributed 45.8% of trading activity with net purchases of AED 1.9 billion
- The DFM attracted 7342 new investors, including 4626 international investors and 677 institutions
News of Emirates – Dubai, Febrauary 1, 2022: Dubai Financial Market Company (PJSC) today announced its consolidated results for the financial year ended 31 December 2021, posting a net profit of AED 103.8 million compared to AED 137.9 million in 2020. Total revenues reached to AED 294.6 million compared to AED 337.2 million. The total revenue comprised of AED 213 million of operating revenues and AED 81.6 million of investment revenues and others.
The Company has successfully reduced its 2021 expenses by 4%, equivalent to AED 8.5 million, to AED 190.8 million compared to AED 199.3 million in 2020, in a clear indication on the viability of its cost efficiency policies.
As for the fourth quarter of 2021, the net profit increased by 269% to AED 65.7 million compared to AED 17.8 million in the corresponding period of 2020, while total revenue of the Company increased by 68% to AED 111.5 million compared to AED 66.2 million.
During its meeting today, Monday 31 January 2022, the Board of Directors reviewed and approved the annual results ahead of submission for ratification during the Annual General Meeting of the Company that will be held based on the approval of the Securities and Commodities Authority (SCA). The Board also recommended the distribution a 3% cash dividend to the shareholders equivalent to AED 240 million.
Ushering in new era
Commenting on the key developments and achievements of 2021, His Excellency, Helal Al Marri, Chairman of the Company said: “The year 2021 ushered in a “new chapter” in DFM’s momentous journey. We deeply believe that DFM’s prospects and ability to achieve sustainable growth remains promising owing to leadership’s vision and the numerous initiatives that have been announced during the past few months by the Higher Committee for Development of Financial Markets. Our confidence is also stemming from DFM’s world-class infrastructure and regulations as well as its demonstrated business excellence. These factors jointly position DFM to endure its dynamic role and sustain growth, as well as its active contribution in efforts aimed at strengthening Dubai’s status as a capital markets hub globally.”
Encouraging indictors
“The DFM General Index witnessed an increase of 28.2%, the highest since 2013. Meanwhile, trading value increased 10.2% to AED 72.3 billion compared to its level during the corresponding period of 2020. The Market Capitalization of listed securities has increased 20.5% to AED 411 billion. The DFM ended the year with a strong note as trading value jumped 126% during the fourth quarter to AED 33.6, equivalent to 46.5% of the full year trading value. These indicators are attributed to the continuous improvement of the national economy, the encouraging figures from key economic sectors such as tourism and real estate as well as the performance of listed companies, and all of this was culminated by the positive effects of the strategic plan to develop Dubai’s financial markets,” H.E. Helal Al Marri added.
During the year 2021, foreign investors maintained their strong presence with 45.8% market share of DFM’s trading value. They were also net buyers of AED 1.9 billion and their ownership of the market capitalization reached to 22.5% at the end of the year. Similarly, institutional investors accounted for 45.8% of trading activity with a net purchase of AED 656 million.
The DFM has attracted 7342 new investors, including 677 institutions, bringing total number of its investor base at the end of 2021 to 852212 investors from 209 nationalities. Foreign investors accounted for 63% of the new investors (4626 investors).