DFM net profit up 17% in the first quarter of 2022

Dubai Financial Market Company (DFM) today announced its consolidated financial results for the first quarter of the year ending 31 March 2022, showing a 17% increase in net profit to AED 27.5 million compared to AED 23.4 million for the corresponding period of 2021.

The company’s total consolidated revenue increased by 7% to AED 78.6 million in the first quarter of 2022, compared to AED 73.4 million in the first quarter of 2021. Revenues consist of AED 55.9 million of operating income and AED 22.7 million of income from investments and other. Operating expenses reached AED 51.1 million compared to AED 50 million.

Commenting on the Q1 2022 highlights, H.E. Helal Al Marri, Chairman of Dubai Financial Market Company (DFM), said: “DFM’s trading activity received further impetus in the first quarter of 2022, continuing the positive performance of the previous period following the announcement of an ambitious strategy to develop the financial markets in Dubai and strengthen the emirate’s position as a global financial centre in line with the management vision.

H.E. Helal Al Marri, Chairman of Dubai Financial Market Company (DFM)

“Accordingly, DFM’s trading value increased by 48% to AED 22.8 billion in the first quarter of 2022, up from AED 15.4 billion in the corresponding quarter of 2021. DFM’s overall index rose 10.3% and market capitalisation increased 6.4% to AED 437.4 billion compared to year-end 2021 levels. Foreign investors maintained their strong presence with a market share of 45.8% of trading value in the first quarter and net purchases of AED 2.1 billion, and their share of market capitalisation reached 23.2% at the end of March 2022. Institutional investors’ share of trading value reached 51.6% and net purchases amounted to AED 651 million,” added H.E. Helal Al Marri.

“In the first quarter of this year, DFM attracted 51,404 new investors, 73.4% of which were foreign investors, bringing the total number of investors to 903,077 representing 209 nationalities. These encouraging figures demonstrate the confidence of market participants and their great appetite for DFM’s lucrative trading and IPO opportunities,” said H.E. “In the first quarter of 2022, DFM accelerated its strategic development plans to strengthen its position as a major investment gateway and one of the leading regional markets in terms of product diversification, including equities, equity futures, bonds and sukuk, ETFs, REITs, etc. DFM aims to expand the range of opportunities and attract leading companies from various sectors to IPOs and listings, and is introducing new financial products. In addition, our digital inclusion initiative has witnessed significant advances with the expansion of investor numbers (NINs) and IPO subscriptions through the online channels of both DFM and its business partners, including brokerage firms, financial and banking institutions, etc.,” concluded H.P. Helal Al Marri.

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