DFM achieves robust results in 2023 with net profit of $89.6mln

DFM achieves robust results in 2023 with net profit of $89.6mln

DUBAI: Dubai Financial Market Company (PJSC) today announced its consolidated results for the fiscal year ending on 31st December 2023, showcasing an increase of 124% in net profit to AED329.4 million, compared to AED 147.1 million in 2022. DFM concluded 2023 on a high note, driven by a significant uptick in trading activities, capital inflow and a notable influx of new investors. This was complemented by the introduction of an enhanced digital platform, the launch of an IPO accelerator program and the implementation of various innovative market initiatives. During the Board meeting, the Directors endorsed the annual results, which will be presented for ratification at the upcoming Annual General Assembly Meeting. The Board has proposed a cash dividend of AED280 million, representing 3.5% of the capital and 95% of the total retained earnings available for distribution. Following the Board meeting, Helal Al Marri, Chairman of DFM said, "In 2023, Dubai Financial Market marked a series of noteworthy accomplishments, underscoring its intrinsic strengths in adaptability, innovation, and an unwavering dedication to excellence. These achievements align seamlessly with the objectives outlined in the Dubai Economic Agenda “D33” showcasing the market's pivotal role in fostering economic growth and solidifying Dubai's stature as a key