General Overview

About the Dubai Financial Market

DFMDubai Financial Market was established as a public institution having its own independent corporate body by a Resolution from the Ministry of Economy No 14 of 2000.

DFM is operating as a secondary market for trading of securities issued by public joint-stock companies, bonds issued by the Federal Government or any of the Local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the Market. The Market commenced operations on 26th March 2000.

As decided by the Executive Council Decree on 27th December 2005, DFM us set up as a Public Joint stock Company in the UAE with paid up capital of AED 8 Billion allocated over 8 Billion shares, with a par value of AED 1.6 per share, and the twenty percent (20%) of DFM shares be offered for public subscription. This IPO, the first of its kind in the region, was highly oversubscribed and generated more than AED 201 billion.

The trading of shares of Dubai Financial Market (DFM) began on Wednesday 7th March 2007.

Vision

To be the World Class Regional Marketplace

Mission

To provide shareholders with innovative services in conducting trading, clearing, settlement and depository of securities, in an efficient, transparent and liquid environment

Values

The following five key values guide the exchange's behavior internally and externally:

  • Transparency - We prioritise transparency across all our actions and decisions
  • Efficiency - We focus on building efficiency into every aspect of our operations
  • Confidentiality - We accord the utmost confidentiality to our clients and their interests
  • Innovation - We believe the future depends on the innovation we empower today
  • Integrity - We conduct ourselves with unconditional integrity and ethics

Trading System

DFM operates on an automated screen-based trading system. Most of the world's major stock exchanges have moved in recent years to similar screen based trading systems. It offers a distinct advantage over traditional floor trading in terms of transparency, liquidity and trading of prices. DFM has worked with renowned international experts in the design of a trading system, which is fair, transparent and efficient, so that investors' interests are served and the economic objectives of the UAE are met.

The trading system is an order driven system, which matches buying and selling orders of the investors. Investors can place their orders with DFM accredited brokers, who enter these orders into the trading system. Then, the system automatically matches buy and sell orders of a particular security based on the price and quantity requirements.

The trading system also generates and displays details of current and historical trading activity, including prices, volumes traded and outstanding buy and sell orders. This ensures that investors have the required information to be able to take informed investment decisions.

Safeguarding the efficiency and integrity of trading, requires DFM to conduct regular monitoring and controlling market activity. Market Control Section monitors compliance with the trading rules and regulations of ESCA and DFM and helps to ensure that trading is conducted in an orderly manner. Brokers Licensing and Inspection Section monitors brokers' conduct to ensure integrity of the brokers' activities and that the best service is given to investors. Companies Listing and Compliance Section strives to furnish investors with all the necessary data concerning issuers of listed securities in a timely manner and to co-ordinate with the Market Surveillance Section to forbid the use of inside information.

History

The Dubai Financial Market was established as a public institution having its own independent corporate body by Amiri Decree No 14 of 2000.

The Market commenced operations on 26th March 2000 and has operated as a secondary market for trading of securities issued by public joint-stock companies, bonds issued by the Federal Government or any of the Local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the Market.

As decided by the Executive Council Decree on 27th December 2005, the DFM is set up as a Public Joint Stock Company in the UAE with paid up capital of AED 8 Billion allocated over 8 Billion shares, with a par value of AED 1 per share, and the twenty percent (20%) of the DFM shares be offered for public subscription. This IPO, the first of its kind in the region, was highly oversubscribed and generated more than AED 201 billion.

The Dubai Financial Market is the first listing of a stock exchange in the Middle East and hence, through this offer the Government of Dubai is a pioneer in the field by leading the way for the privatisation of government entities in the region.

DFM


Contact Info

Dubai Financial Market

Mezzanine Floor
Sheikh Zayed Road
Dubai, DU AE United Arab Emirates,

Phone: +971 4 305 5555
Fax: +971 4 305 5191
Email: customerservice@dfm.ae
Website: http://www.dfm.ae

Click here to view the interactive map
Dubai Financial Market Google Map
Dubai Financial Market Google Map

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