Dubai Financial Market Company (PJSC) disclosed its financial results for the first three months of 2022 on Friday, 29 April, showing a 17% increase in its net profit to AED 27.5 Million, compared to AED 23.4 Million during the same period of 2021.
The total consolidated revenue of the company has risen by 7% to AED 78.6 Million in the first quarter of 2022 compared to AED 73.4 Million during Q1-2021.
The revenues are constituted of AED 55.9 Million of operating income and AED 22.7 Million of investment returns & others. On the other hand, operating expenses reached to AED 51.1 Million compared to AED 50 Million.
Chairman of the Dubai Financial Market Company (PJSC), His Excellency, Helal Al Marri, while commenting on the significant developments of the Q1/2022, said, “The trading activities of DFM acquired further momentum during the first quarter of 2022, expanding the positive performance of the last period following the announcement of an ambitious plan to develop financial markets in Dubai and to support the Emirate’s position as a global financial hub in line with the leadership’s idea.”
He further added, “Accordingly, the DFM’s trading value has risen by 48% to AED 22.8 Billion during the first quarter of 2022 compared to AED 15.4 Billion during the first quarter of 2021. The DFM General Index advanced by 10.3%, and the market capitalization rose by 6.4% to AED 437.4 Billion by the end of 2021. Foreign investors held their strong presence through a market share of 45.8% of trading value during the first quarter and net assets of AED 2.1 Billion, while their ownership reached 23.2% of the market capitalization at the end of March 2022. Institutional investors’ share of trading value reached 51.6% with net investments of AED 651 Million.”
“The DFM has drawn 51,404 new investors during the first quarter of this year; 73.4% are foreign investors, bringing its investor base to 903,077 investors representing 209 nationalities. These promising figures resonate with market participants’ trust and strong appetite towards DFM’s lucrative trading and IPO opportunities,” said Helal Al Marri.