9 posts

Tag - Dubai Financial Market

The market cap of listed public and private companies in UAE capital markets crossed the one trillion dirham mark, hitting AED1.07 trillion for the first time in years, according to official figures released by the country's two main financial markets.

Seif Fikry, CEO of Chimera Capital LLC, an Abu-Dhabi-based asset management firm and subsidiary of Chimera Investments LLC, today rang the market-opening bell to celebrate the listing of its Umbrella ETF - Chimera S&P UAE Shariah ETF- Share Class B – Income, on the DFM.

DFM today announced that its listed companies have recorded a 96% compliance regarding the disclosure of financial statements for the first half of 2020 results within the deadline.

The Dubai Financial Market (DFM) Company (PJSC) today announced that its Board of Directors has approved during its meeting today, Monday 27th July 2020 the appointment of Mr. Hassan Al Serkal as the DFM’s new Chief Executive Officer (CEO) with immediate effect.

The Company recorded a total revenue of AED 181.1 Million in H1-2020 compared to AED 163.5 Million during H1- 2019. The revenue comprised of AED 115.3 Million of operating income and AED 65.8 Million of investment returns.

Emirates NBD (DFM: EmiratesNBD), a leading banking group in the region, delivered a net profit of AED 4.1 billion for the first half of 2020. Net interest income increased 36% y-o-y and non-funded income grew 24% y-o-y with the acquisition of DenizBank in 2019.

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced its financial results for the half year ending 30 June, 2020. The Bank reported a net profit of AED 12 million for the first half of 2020.

DFM announced that it is reopening its Trading Floor and Customer Affairs counters for investors as of Tuesday, 7th July 2020, with the strict implementation of precautionary measures for the safety of clients and employees.

Dubai Financial Market, DFM, today announced that the Rights Issue of Gulfa Mineral Water & Processing Industries Company is due to be tradable on the exchange between 21 June and 2 July 2020.

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