38.1 million dirhams, net profit of the Dubai Financial Market Company

38.1 million dirhams, net profit of the Dubai Financial Market Company
38.1 million dirhams, net profit of the Dubai Financial Market Company

Dubai Financial Market Company announced today its financial results for the first nine months of this year, which showed a net profit of 38.1 million dirhams, compared to 120.1 million dirhams in the same period last year.

The company stated in a statement that its total revenues amounted to 183.1 million dirhams during the first nine months of 2021, compared to 271 million dirhams in the same period last year.

Revenues were distributed at 117.9 million dirhams from operations and 65.2 million dirhams from investments and other income.

Expenditures decreased by the end of September 2021, by 4% to 145 million dirhams, compared to 150.9 million dirhams during the same period of 2020.

Issa Kazim, Chairman of the Board of Directors of the Dubai Financial Market Company, said: “The total market value of the listed securities increased by 15% to 392.2 billion dirhams, and the general index increased by 14.2%, despite the decline in the total value of trading by 23.7% compared to its levels. In the corresponding period of the year 2020, it reached 38.7 billion dirhams.

He added, “Foreign investors maintained their remarkable presence, as they accounted for 47.5% of the trading value, with a net investment of 1.3 billion dirhams as a proceeds of purchase, and their ownership percentage amounted to 18.5% of the total market value of the shares listed in the market by the end of September 2021, while the institutional investment share of Trading 44% with a net investment of 429 million dirhams as a purchase proceeds, which reflects the great confidence of local and international investors in the market and its future prospects and the opportunities it provides.

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