Page 37 - AAE PR REPORT - January 2024

1/31/24, 9:51 AM DFM's Net Profit Surges 124% In 2023 To $89.7M
DFM Reports 124% Surge In 2023 Net Profit To $89.7M On

Strong Capital Inflows

By Samra Ahmed Forbes Middle East Staff Jan 31, 2024, 0:00 AM

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DFM's General Index surged 21.7% in 2023 while total revenues increased 54% year-on-year to $147.5 million for
the full year. Image by Dubai Financial Market.

Dubai Financial Market Company (DFM) reported Tuesday a 124% surge in full-year net

profit to $89.7 million (AED 329.4 million), driven by an uptick in trading activities, strong

capital inflows, and an influx of new investors.

Full-year results

The bourse's net profit for 2023 compares to $40.1 million (AED 147.1 million) in 2022.

In 2023, DFM onboarded a total of 62,676 new investors, with 73% comprising foreign

nationals amid increasing investor demand globally, a statement from the company showed

Tuesday.

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