Net profit of DFM Company up 133% to AED 89mln in the first nine months of 2022

Net profit of DFM Company up 133% to AED 89mln in the first nine months of 2022

- New listings deepen and diversify the market

- Total trade value increased by 79% to AED 69.5 billion

- Foreign investors accounted for 47.3% of trade value with net purchase of AED 3.2 billion

- DFM investor base exceeds one million investors for the first time ever

- Number of new investors increases 41 times to 155,060 investors

Dubai: Dubai Financial Market Company (PJSC) today announced its financial results for the first nine months of the year ended 30 September 2022, registering an increase of 133% in net profit to AED 89 million compared to AED 38.1 million in the same period of 2021.

The Company’s total revenue reached AED 237.8 million during the first nine months of this year compared to AED 183.1 million during the corresponding period of the previous year. The revenue is comprised of AED 173.3 million of operating income and AED 64.5 million of investment returns and other income. The Company’s expenses increased by 2.6% to AED 148.8 million by the end of September 2022 compared to AED 145 million in the same period of 2021, despite the significant increase in operating revenue, operating expenses only increased by 0.4% as a result of operational efficiencies and cost optimization initiatives.

His Excellency