Friday, July 29, 2022 – 9:49 am
Dubai, July 29 / WAM / The Dubai Financial Market Company / B.S.C. M. A./ for its consolidated financial results for the first half of the current year ending on June 30, 2022, which showed achieving a net profit of 63.4 million dirhams, compared to 38.8 million dirhams in the same period in 2021, an increase of 63%.
Net profit increased by 134% during the second quarter of this year to 35.9 million dirhams, compared to 15.3 million dirhams during the second quarter of 2021.
The total consolidated revenues of the company amounted to 163.8 million dirhams during the first half of 2022, compared to 136.6 million dirhams during the first half of 2021.
Revenues were distributed at 121.4 million dirhams from operations and 42.4 million dirhams from investments and others.
Expenditures during the first half of this year amounted to 100.4 million dirhams, compared to 97.8 million dirhams during the first six months of 2021.
As for the revenues of the second quarter, they amounted to 85.2 million dirhams, compared to 63.2 million dirhams during the second quarter of 2021, and expenditures amounted to 49.3 million dirhams, compared to 47.9 million dirhams in the same quarter of 2021.
Hilal Al Marri, Chairman of the Board of Directors of the Dubai Financial Market Company, said that the Dubai Financial Market recorded a positive performance, driven by the increasing interest by all categories of customers and the great confidence in the future prospects of the market in light of the acceleration of steps to implement the strategy of developing financial markets in Dubai, as the market welcomed during the half The first is the listing of DEWA, the largest IPO in the history of the UAE financial markets. The product diversification strategy has also made great strides by launching Oman oil futures trading and launching more futures contracts.
And he indicated that the total value of trading increased by 75% during the first half of 2022 to 49.4 billion dirhams, compared to 28.2 billion dirhams during the same period in 2021, and the total market value of listed securities increased to 527 billion dirhams, an increase of 28.2% compared to its level. At the end of the year 2021, amounting to 411 billion dirhams. The Dubai Financial Market maintained its attractiveness to foreign investors, as they acquired 47% of the value of its trading during the first half, with net purchases of 2.6 billion dirhams.
He added that their ownership percentage amounted to 19.8% of the total market value of the shares listed in the market by the end of June 2022, and the institutional investment share of the total trading top reached 53.6%, which reflects the confidence of local and international investors in the market. The Dubai Financial Market is moving forward with its efforts to attract more foreign investments, by committing to organizing global investor conferences, and the latest roadshow for the market, represented by the Global Investors Conference in London last June, was a remarkable success.
It should be noted; In the first half of this year, the Dubai Financial Market attracted 70,432 new investors, compared to 1,842 at the end of the same period in 2021, bringing the total number of investors registered in the market by the end of June 2022 to 921,550 investors belonging to 212 nationalities, an increase of 38 times.
Foreign investors constituted 72% of the new investors. Moreover, the number of new investment institutions in the market during the first half amounted to 426, including 303 foreign institutions.
Wam/Mohamed Jaballah/Dina Omar