Dubai - Mubasher: Dubai Financial Market (DFM) Company reported a net profit of AED 233 million for 2017, with an 8% decline compared to the previous year.
Total revenues reached to AED 421.6 million in 2017 compared to AED 439.3 million in 2016, the company said in a statement issued on Wednesday.
The total revenue comprised of AED 321.1 million of operational revenues and AED 100.5 million of investment revenues and others.
Last year saw many developments in the Emirati market, such as the introduction of many initiatives including; the ETFs platform, Liquidity Provision and Market Making, Regulated Short Selling (RSS), the General Clearing, Repo and Murabaha services.
The market attracted more than 6,000 new investors in 2017, and net investments of foreign investors, excluding Arabs and GCC Nationals, reached AED 1.25 billion.
DFM’s Strategy for 2021 focuses on enhancing infrastructure and diversifying products through launching new platforms to trade different asset classes, according to the company’s Chairman Essa Kazim.
DFM is set to build a new headquarter on 10,000 square meters at the Business Bay.
