Dubai Financial Market

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Dubai Financial Market
Type Privately held
Industry Financial Market
Founded 2000
Headquarters Dubai, United Arab Emirates
Key people H.E. Essa Kazim, Managing Director
Employees 150
Website http://www.dfm.ae

The Dubai Financial Market (Arabic: سوق دبي المالي‎) is a stock exchange located in Dubai, United Arab Emirates. It was founded on March 26, 2000.

There are about 61 companies listed (as of May 2012) on DFM, most of them are UAE-based companies and a few dual listings for companies based in other MENA region countries. Foreign companies are from the following countries: Kuwait, Bahrain, Oman, and Sudan. Many companies allow foreigners to own their shares.

During 2004 and 2005, there were significant increases in the volume of shares traded and the share prices of many companies. However, towards the end of 2005 and through the first few months of 2006 the bubble burst and share values dropped by around 60% on DFM, along with similar decreases in most other Persian Gulf stock markets.

DFM is one of three stock exchanges in the UAE. Abu Dhabi Securities Exchange (ADX) also lists mostly UAE companies and NASDAQ Dubai was set up to trade international stocks.

DFM and ADX are both governed and regulated by the Securities and Commodities Authority (SCA). SCA has the authority to impose laws and standards in which DFM and ADX have to comply with. SCA’s role is to ensure that the laws are followed by the exchanges as well as to protect investors’, brokers’ and listed companies’ rights. On the other hand, NASDAQ Dubai is governed to international standards by an independent regulator called the Dubai Financial Services Authority (DFSA), which is equivalent to the Securities and Exchange Commission in the U.S. Unlike DFM and ADX, NASDAQ Dubai, located in Dubai International Financial Centre (DIFC), is an electronic exchange with no trading floor.

DFM was a fully owned by Dubai government till November 2006 when it turned into a public joint stock company through an IPO, which led to sell 20% of its shares to public and 80% were subscribed by Borse Dubai, which is owned by Dubai government. As a matter of fact, DFM’s IPO has been oversubscribed by 118 times.

Like the revenue, DFM net profit dropped sharply from the period ended 2007 till 2011. In 2007, DFM profits reached 1,439.6 million including none operational profits coming from IPO of AED 468 million. In 2008 profits are only 605 AED million. The next year, in 2009, the profit dropped even further and reached 346.62. in 2010, another drop took place and profits reached AED 79 million. Unfortunately, in 2011, DFM recorded a loss of AED 6.45 million. From the trend, we can imply that the situation is not improving, but is deteriorating year after year. DFM BOD members, executives, and managers are working hard to get out DFM from this unforeseen dilemma.

Listed companies[edit]

Banks[edit]

Company title Symbol
Ajman Bank AJMANBANK
Al Salam Bank – Bahrain (B.S.C.) SALAM_BAH
Al Salam Sudan Bank ALSALAMSUDAN
Amlak finance AMLAK
Arab Emirates Investment Bank AEIBANK
Commercial bank of Dubai CBD
Dubai Islamic Bank DIB
Emirates NBD EMIRATESNBD
Emirates Islamic Bank EIB
Gulf Finance House GFH
Mashreqbank MASQ
Tamweel TAMWEEL

Please note that Emirates Bank International (EBI) and National Bank of Dubai (NBD) had been merged to form a holding company to run both entities named Emirates National Bank of Dubai (ENBD), this merger resulted in cancelling both shares and issuing a new one listed on the October 16, 2007.[1]

Both AMLAK and TAMWEEL were suspended from trading since the November 23, 2008 as they announced a merger action.[2]

Investment and Financial services[edit]

Company title Symbol
Alfirdous Holding PJSC ALFIRDOUS
Almadina for Finance and Investment ALMADINA
Bayan Investment Company BAYAN
Dubai Financial Market DFM
Dubai Investments Company DIC
Ekttitab Holding Company K.S.C.C EKTTITAB
Global Investment House GLOBAL
Gulf General Investment Company GGICO
Gulf Petroleum Investment GPI
International Financial Advisors IFA
International Investment Group IIG
SHUAA Capital SHUAA

Insurance[edit]

Company title Symbol
Alliance Insurance Company ALLIANCE
Arab Orient Insurance Company AOIC
Al Sagr National Insurance Company ASNIC
Arab Insurance Group ARIG
Arabian Scandinavian Insurance Company ASCANA
Dubai Insurance Company DIN
Dubai Islamic Insurance and Reinsurance AMAN
Dubai National Insurance and Reinsurance DNIR
Islamic Arab Insurance Company SALAMA
National General Insurance NGI
Oman Insurance Company OIC
Takaful Emarat TAKAFUL-EM
Takaful House DARTAKAFUL

Please note that as of July 27, 2009, the trading symbol for the Islamic Arab Insurance company (IAIC) will be changed into SALAMA.[3]

Real estate and Construction[edit]

Company title Symbol
Al Mazaya Holding Company MAZAYA
Arab Heavy Industries AHI
Arabtec Holding ARTC
Deyaar Development DEYAAR
Dubai Development Company DDC
Emaar Properties EMAAR
Grand Real Estate Projects Company GRAND
Kuwait Commercial Markets Complex SHOP
National Real Estate Company NRE
Union Properties UPP

Transportation[edit]

Company title Symbol
Agility WARE
Air Arabia AIRARABIA
Arab International Logistics Company (Aramex) ARMX
Gulf Navigation Holding GULFNAV

Building Materials[edit]

Company title Symbol
Aerated Concrete Industries Company ACICO
Al Jazeera Steel Products ATMI
National Cement Company NCC
National Industries Group Holding NIND

Consumer Staples[edit]

Company title Symbol
Dubai Refreshments Company DRC
Gulf Mineral Water and Processing Industries GULFA
Jeema Mineral Water Company JEEMA
United Foods Company UFC
United Kaipara Dairies UNIKAI

Telecommunication[edit]

Company title Symbol
Emirates Integrated Telecommunications company (DU) DU

Utilities[edit]

Company title Symbol
National Central Cooling Company (TABREED) TABREED

See also[edit]

References[edit]

External links[edit]

  • DFM – official website
  • [1] List of DFM stocks
  • Dubai Share Talk – discussion forum for investors in the UAE
  • ESCA – Emirates Securities and Commodities Authority (market regulator)
  • Share Wadi – information about UAE stocks