«Dubai Market» records a 133% growth in net profit

Dubai (Etihad)

During the first nine months of this year, the Dubai Financial Market Company recorded a 133% increase in net profits, reaching 89 million dirhams, compared to 38.1 million dirhams in the same period in 2021.
The company achieved revenues of 237.8 million dirhams during the first nine months of 2022, compared to 183.1 million dirhams in the same period last year. Revenues were distributed at 173.3 million dirhams from operations, and 64.5 million dirhams from investments and other income. Expenses at the end of September 2022 increased by 2.6% to 148.8 million dirhams, compared to 145 million dirhams during the same period of 2021, noting that operating expenses recorded a slight increase of 0.4% despite the steady increase in operating revenues, which reflects operational effectiveness and spending efficiency.
Hilal Al Marri, Chairman of the Dubai Financial Market Company, said: “The company’s performance indicators at the end of the third quarter recorded an outstanding performance. The increasing interest and activity by investors provides the best evidence of the vitality and growth of the capital markets in Dubai, which is also clearly evident through the presence of the Dubai Financial Market currently among the most active global markets in terms of new listings.”