Dubai – 01/29/2018
DFM operates as a secondary market for securities issued by public shareholding companies, bonds issued by federal or local governments, local public institutions, mutual funds and other local or foreign financial instruments approved by the DFM
Within a short time, DFM has rapidly developed into a leading financial market across the region. Its ongoing efforts and strategic initiatives have strengthened Dubai as a center of excellence in this part of the world and have strengthened its leadership position as a strong capital center with international best practices to meet the evolving needs of its domestic and international investors.
The Dubai Financial Market was established on 26 March 2005 as a public institution with an independent legal entity under Decree No. 14/2000 of the Government of Dubai. On December 27, 2005, the Dubai Executive Council decided to transfer DFM to a public shareholding company with a capital of AED 8 billion divided into 8 billion shares and 20% of the capital, equivalent to 1.6 billion shares, through the IPO. The IPO was oversubscribed to AED 201 billion. On March 7, 2007, DFM was listed on the market with the DFM trading symbol.
The first regional exchange to become publicly listed
Dubai Financial Market (DFM) is the first financial market to offer its shares through a public offering in the Middle East, reflecting Dubai’s leading role in the sale of shares of government institutions in the region.
A Shari’a compliant exchange
The DFM operates in accordance with the principles of Islamic Sharia, which clearly reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
Regulated by the Securities and Commodities Authority (SCA)
DFM is regulated by the Emirates Securities and Commodities Authority (ESCA), which has the authority to enforce laws and standards that Dubai Financial Market must comply with. DFM is working proactively with the Securities and Commodities Authority (ESCA) to protect investors and provide the best trading platform including initiatives such as the development of margin trading mechanisms and delivery against payment.
The first regional exchange to consolidate its operations
In 2010, DFM strengthened its operations with NASDAQ Dubai to create a dynamic force in the region’s capital markets. Consolidation provides investors with a greater choice of asset classes, easier access to the DFM and NASDAQ Dubai listed securities through a single investor number (NIN), meaning that investors can trade smoothly through both exchanges. The DFM is still regulated separately by the DFSA by the Securities and Commodities Authority (ESCA) and NASDAQ Dubai by the Dubai Financial Services Authority (DFSA).
DFM’s philosophy is based on an innovative and innovative corporate culture that is defined by its vision, mission and core values, strategically focused on implementing the growth strategy, preparing business to meet increasing challenges and, most importantly, demonstrating the continued commitment of DFM to enhancing its products and services to its investors. In 2011, the board of directors of DFM adopted a vision and mission based on its efforts to strengthen its leadership position among regional financial markets
DFM Accredited Market Participants
As a leading regional financial market based on international best practices and organized under the authority of the Emirates Securities and Commodities Authority, DFM ensures that members undergo a strong application process to become trusted brokers and trustees to protect investors and their rights.
Market participants include investors, listed companies (exporters), brokers and custodians, all of which play a key role in the dynamics of the financial market:
DFM Advanced Systems
Since its establishment on March 26, 2000, DFM’s strategy has focused on continuous investment in the development of IT infrastructure. Current developments have played a key role in enhancing DFM’s position as the main exchange and main destination for local, Arab and international investors at the regional level. Technological innovation, transparency, confidentiality and efficiency are the core values of the DFM, which has introduced many advanced systems available to investors and market participants alike.
DFM was the first regional market to adopt the highly sophisticated Stream trading system in 2009, which is one of the best trading systems among the global financial markets.
Corporate Social Responsibility & Educational Programs
Since its establishment in 2000, DFM has committed to developing a number of educational initiatives and programs to raise awareness of investment and create a culture of investment in good research securities among the various market participants and young people in the UAE.
DFM’s awareness and education programs include:
- Dubai Financial Market Annual Stock Game
- Educational commercial floors
- Training workshops and workshops on the Dubai Financial Market
Asma Almazroui – SNW News