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DUBAI / WAM
The Dubai Financial Market (DFM) announced its financial results for the first half of the year ending on June 30, registering a net profit of AED65.1 million. The net profit of
the second quarter of 2019 reached AED37 million, a nine percent increase compared to the profits in Q2 of 2018 at AED33.9 million.
“During the first half of this year, the DFM has maintained its attractiveness to foreign investors, as they have registered net purchases of AED870 million, and it reached nearly AED1 billion, excluding the GCC and Arab investors,†Kazim added.
The DFM maintains a strong presence of foreign and institutional investments, with more than 11 thousand institutions registered on the market, including 90 institutions during the first half of 2019.
During the first half of 2019, the DFM won two new awards, the Dubai Quality Award for the financial sector category, as well as the Five Star “Recognised for Excellence†Award earlier in the year from the European Foundation for Quality Management for its commitment to the highest levels of quality in customer service.
The company recorded revenues of AED163.5 million in H1 2019. The revenues comprised AED88.8 million in operating income and AED74.7 mill- ion in investment returns. The company’s expenses reached AED98.4 million, compared to AED99.6 million recorded during H1 2018. During second quarter, company’s revenues reached AED85.6 million, compared to AED83.3 million in the second quarter of 2018.
The DFM International Investors Roadshow in New York 2019 enabled nine listed companies to hold 81 one-on-one meetings with senior representatives of 35 international institutions, managing nearly $3.2 trillion in assets. The roadshow attracted 21 new institutions that took part for the first time, representing 60 percent of the total number of institutions.