Dubai Financial Market Company has earned a net profit of AED103.8 million ($28m) for 2021 compared to AED137.9 million in 2020.
The company said its total revenues reached AED294.6 million in 2021 compared to AED337.2 million and it reduced its 2021 expenses by 4 percent, from AED190.8 million in 2021 compared to AED199.3 million in 2020.
In the fourth quarter of 2021, the net profit increased by 269 percent to AED65.7 million compared to AED17.8 million in the corresponding period of 2020, while the company’s total revenue increased by 68 percent AED111.5 million compared to AED66.2 million.
During its meeting on Monday, the Board of Directors recommended a 3 percent cash dividend to the shareholders, which is equivalent to AED240 million.
Helal Al Marri, Chairman of the Company, said the DFM General Index witnessed an increase of 28.2 percent, the highest since 2013.
Trading value increased 10.2 percent to AED72.3 billion compared to its level during 2020. The Market Capitalization of listed securities has increased 20.5 percent to AED411 billion. The DFM ended the year with a strong note as trading value jumped 126 percent during the fourth quarter to AED33.6, equivalent to 46.5 percent of the full-year trading value.
In 2021, foreign investors maintained their strong presence with a 45.8 percent market share of DFM’s trading value, the company said.
They were also net buyers of AED1.9 billion, and their ownership of the market capitalization reached 22.5 percent at the end of the year. Similarly, institutional investors accounted for 45.8 percent of trading activity with a net purchase of AED656 million, DFM added.
The DFM has attracted 7,342 new investors, including 677 institutions, bringing its investor base at the end of 2021 to 852,212 investors from 209 nationalities. Foreign investors accounted for 63 percent of the new investors (4,626).