Though last year wasn’t the best year for earnings results across MENA, one company sure can’t complain – the operator of the Dubai Financial Market itself, aka DFM.
DFM reported a 14% growth in their full-year profit, with an attributable net profit of Dh137.9m. This was largely boosted by a huge increase in the value of shares traded on the equity market throughout the year, which rose by 24% to Dh66b.
One of the key things to consider is that the DFM attracted more investors to the market, including 2,350 new international investors. In fact, foreign investors accounted for 50% of the total share trade value, as well as a good chunk of the shareholdings of total company market capitalization on the stock exchange. Guess foreigns do more in Dubai than just holiday on the Palm.