From Sand to Gold

From Sand to Gold

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  • Dubai Financial Market recorded a Q1 net profit of AED 35.6 million ($9.7 million), a 30% YoY increase, as it drew in new investors during the January-March period. The company's total revenue also rose by nearly 13% to AED 88.9 million in the last quarter, consisting of AED 47.4 million in operating income and AED 41.5 million in investment returns and other income.

  • In the last quarter, the exchange experienced a 4.3% YoY rise in total expenses, amounting to Dh53.3 million. During Q1, foreign investors' market share was 56% of the trading value, and their ownership rose to 19% of the market capitalisation by March-end. In the previous quarter, DFM attracted 14,635 new investors, of which 78% were foreign, increasing its investor base to over 1.18 million from 215 nationalities.

Why it matters

Dubai has revealed its intentions to list ten state-owned companies and expand the emirate's financial market to around Dh3 trillion in 2021. To encourage the listing of more private companies in sectors such as energy, logistics, and retail, the emirate has also established a Dh2 billion market maker fund. Sheikh Maktoum bin Mohammed, Deputy Prime Minister, Minister of Finance, and Deputy Ruler of Dubai, stated that Dubai recorded several listings last year and accounted for 40% of IPO activity in the Gulf Co-operation Council, earlier this year.


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