DFM Company posts AED 103.8 million profit for 2021

Dubai Financial Market Company has announced its consolidated results for the financial year, ending December 31, 2021, posting a net profit of AED 103.8 million.

This compares to figures of AED 137.9 million in 2020.

As for the fourth quarter of 2021, the net profit increased by 269 per cent to AED 65.7 million, compared to AED 17.8 million in the corresponding period of 2020, while total revenue increased by 68 per cent to AED 111.5 million compared to AED 66.2 million.

The DFM General Index witnessed an increase of 28.2 per cent, the highest since 2013, while it attracted 7,342 new investors, including 677 institutions, bringing the total number of its investor base at the end of 2021 to 8,52,212 investors from 209 nationalities. Foreign investors accounted for 63 per cent of that total.

Commenting on the key developments and achievements of 2021, 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 the 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."

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— WAM English (@WAMNEWS_ENG) February 1, 2022