The Dubai Financial Markets Company (PJSC) today announced its consolidated financial results for the financial year ending December 31, 2021, with a net profit of 103.8 million dirhams compared to 137.9 million dirhams in 2020.
Total revenue was 294.6 million dirhams, compared to 337.2 million dirhams. Through operations, 213 million dirhams and 81.6 million dirhams in returns from investments and other distributions were distributed.
The company has succeeded in reducing its total expenditure by 4% to 190.8 million dirhams, equivalent to 8.5 million dirhams in 2021, compared to 199.3 million dirhams in 2020.
For the fourth quarter of 2021, net profit increased by 269% to 65.7 million dirhams, compared to 17.8 million dirhams in the same quarter of 2020, and revenue increased by 68% to 111.5 million dirhams compared to 66.2 million dirhams. Dirhams.
The Board of Directors of the Company met today, Monday, January 31, 2022 to discuss the financial statements for 2021 and approve the preparation for submission to the Annual General Meeting, which will take place after the approval of the securities and securities. Commodities Commission. The Board of Directors recommended the distribution of cash dividends to shareholders at the rate of 3% of the equivalent of 240 million dirhams.
A fresh start
Commenting on the market’s most significant business developments and achievements in 2021, HE Hilal Al Marri, Chairman of the Board of Directors, said: “2021 marks a new beginning for the Dubai Financial Market, which is on a full path. Undoubtedly, there is no limit to our confidence in the future prospects of the market and its potential for sustainable growth, as well as the strong support of the wise leadership and the various initiatives announced by the Summit for Growth over the past few months in the financial markets in Dubai. Infrastructure and regulation is world class, has organizational features and highly competitive capabilities that qualify it to enhance and sustain its growth. Dubai’s position as a global hub for capital markets. ”
Hilal al-Marri added: “The general index recorded an increase of 28.2%, the highest annual growth rate of the index since 2013, and the total value of trade increased by 10.2% in 2020 compared to its levels of $ 72.3 billion. The total market value of dirhams, and bonds, increased by 21% to 411 billion dirhams, and the market ended strong in 2021, with the total trading value recorded in the last quarter increasing by 126% to 33.6 billion dirhams. 46.5% of the total trade value for the year 2021, due to the steady improvement in the performance of the national economy, along with the performance of the listed companies and the stimulus numbers in many key economic sectors such as tourism and real estate, all of which are in favor of market performance, with the implications of the announcement of the strategic plan for the development of financial markets in Dubai .
Foreign investors maintained their large presence in the Dubai financial market by 2021, as they accounted for 45.8% of the trade value, with a net return of 1.9 billion dirhams on purchase income and their ownership percentage. 22.5% of the total market value of the shares listed on the market at the end of the year. In the same vein, the share of institutional investment was 45.8% in trading, with a net investment of 656 million dirhams through purchases.
The market attracted 7,342 new investors, including 677 investment firms, bringing the total number of registered investors in the Dubai Financial Market to 852,212 investors from 209 countries by the end of 2021. 63% of new investors are foreigners (4,626 investors).
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