DFM Company posts net profit of AED 147.1 million in 2022

DFM Company posts net profit of AED 147.1 million in 2022

DUBAI, 1st February, 2023 (WAM) – The Dubai Financial Market Company (PJSC) reported a 41.7% increase in net profit for the fiscal year ending December 31, 2022, reaching AED147.1 million compared to AED103.8 million in 2021.

The company also reported a 19% increase in total revenue, reaching AED351.2 million. In the fourth quarter of 2022, the company posted a net profit of AED58.1 million and total revenue of AED113.4 million. The Board of Directors approved the annual results and recommended a cash dividend of AED134.7 million, equivalent to 1.68% of the capital. The Board also recommended a new fixed dividend policy, stipulating that the company distributes a minimum of 50% of its net profit annually.

Helal Al Marri, Chairman of DFM Company, commented on the company's achievements in 2022, stating that the year was promising for DFM. He attributed the strong results for the fiscal year to the strength of the company's operating model and progress made in transforming the business, pursuing new opportunities, and developing UAE capital markets.

Al Marri believes that DFM's modern infrastructure, innovative regulations, and dynamic business model will drive sustained growth and position Dubai as a hub for global financial activity.

Helal Al Marri continued, saying that DFM's focus