Dubai Financial Market (DFM) has announced exceptional financial results for the fiscal year ending December 31, 2024, with a 24% rise in net profit (pre-tax) to AED 409.3 million, compared to AED 329.6 million in 2023. This significant growth was driven by a surge in trading volumes, heightened investor activity, strong capital inflows, and an increase in investment returns.
Strong Market Performance and Revenue Growth
DFM’s total revenue reached AED 632.3 million, reflecting a 15.5% increase year-over-year. Operating income stood at AED 353.1 million, while investment returns and other income contributed AED 279.2 million. This robust financial performance reinforces Dubai’s standing as the GCC’s best-performing market for the second consecutive year.
The DFM General Index recorded a 27.1% surge, closing at 5,158.67, marking its highest level since September 2014. This four-year streak of continuous growth reflects Dubai’s resilience, investor confidence, and strategic initiatives that enhance market appeal.
Market Capitalization and Trading Growth
The exchange’s market capitalization grew 32% to AED 907 billion, compared to AED 688 billion in 2023. Trading activity remained strong, with a 5% increase in Average Daily Trading Value (ADTV) to AED 423 million, while total traded value rose 5.5% to AED 107 billion.
Foreign investor participation saw a notable increase, with overseas investors accounting for 50% of total trading value, up from 47% in 2023. Additionally, institutional investors played a more dominant role, with their market participation rising from 58% to 65%.
A Landmark Year for IPOs and Retail Investment Growth
DFM’s IPO market had a breakthrough year, with three major listings, including Parkin, Spinneys, and talabat, collectively raising AED 10.48 billion—a massive increase from AED 1.97 billion in 2023. Talabat’s IPO was particularly significant, becoming the largest global tech listing of the year.
Retail investor participation also soared, contributing to 35% of total trading activity. The expansion of retail tranches in IPOs—such as Spinneys increasing its allocation from 5% to 7% and Parkin from 10% to 12%—highlighted growing retail demand. The introduction of digital accessibility initiatives and streamlined subscription processes further encouraged retail investor engagement.
Strategic Vision and Future Outlook
Helal Al Marri, Chairman of DFM, emphasized Dubai’s commitment to maintaining its status as a leading global financial hub. He stated, “DFM’s consistent growth showcases the strength of Dubai’s vision and its world-class financial infrastructure. We remain dedicated to attracting global capital and delivering long-term value for our stakeholders.”
CEO Hamed Ali also highlighted the impact of innovation, stating, “Our strategic initiatives have expanded opportunities for investors and issuers, reinforcing Dubai’s position as a financial powerhouse.”
As DFM looks ahead, it remains focused on expanding investment opportunities, fostering global investor confidence, and introducing innovative financial products to sustain its growth trajectory.
Board Approvals and Dividends
DFM’s Board of Directors approved the 2024 financial results, with final ratification pending at the upcoming Annual General Assembly Meeting. The Board proposed a cash dividend of AED 256 million, representing 3.2% of capital and 97% of total retained earnings available for distribution.
A Record-Setting Year for Dubai’s Financial Sector
The year 2024 has solidified Dubai Financial Market’s position as the region’s most dynamic and fastest-growing exchange, supported by record IPOs, increased foreign investment, and sustained market momentum. With Dubai’s financial ecosystem gaining global recognition, DFM is poised for further expansion in the years to come.
