Dubai Financial Market

The Dubai Financial Market (DFM; Arabic: سوق دبي المالي) is a stock exchange located in Dubai, United Arab Emirates. It was founded on 26 March 2000.

TypeStock exchange

LocationDubai, United Arab Emirates

Founded26 March 2000; 26 years ago

KeypeopleH.E. Helal Saeed Al Marri
(Chairperson)

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Dubai Financial Market (DFM)

Type	Stock exchange
Location	Dubai, United Arab Emirates
Founded	26 March 2000; 26 years ago (2000-03-26)
Key people	H.E. Helal Saeed Al Marri (Chairperson)
Currency	UAE dirham
No. of listings	178^[1]
Market cap	US$244.16 billion (Mar 2025)^[2]
Website	dfm.ae

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At the end of March 2025, the market capitalization of the Dubai stock exchange listed companies reached 897 billion AED (244 billion US$).^[3]^{[non-primary source needed]}

Overview

As of 2025^[update], there are 69 companies listed on DFM.

During 2004 and 2005, there were significant increases in the volume of shares traded and the share prices of many companies. However, towards the end of 2005 and through the first few months of 2006 the bubble burst and share values dropped by around 60% on DFM, along with similar decreases in most other Persian Gulf stock markets.

DFM is one of three stock exchanges in the UAE. Abu Dhabi Securities Exchange (ADX) also lists mostly UAE companies and NASDAQ Dubai was set up to trade international stocks.

DFM and ADX are both governed and regulated by the Capital Market Authority (CMA). CMA has the authority to impose laws and standards in which DFM and ADX have to comply with. CMA's role is to ensure that the laws are followed by the exchanges as well as to protect investors’, brokers’ and listed companies’ rights.

On the other hand, NASDAQ Dubai is governed to international standards by an independent regulator called the Dubai Financial Services Authority (DFSA), which is equivalent to the Securities and Exchange Commission in the United States. Unlike DFM and ADX, NASDAQ Dubai, located in Dubai International Financial Centre (DIFC), is an electronic exchange with no trading floor.

DFM was fully owned by the Government of Dubai until November 2006 when it turned into a public joint-stock company through an IPO, which led to sell 20% of its shares to the public and 80% were subscribed by Borse Dubai, which is owned by Dubai government. DFM's IPO has been oversubscribed by 118 times.

Like the revenue, DFM's net profit dropped sharply from the period ended 2007 till 2011. In 2007, DFM profits reached AED 1,439.6 million including none operational profits coming from IPO of AED 468 million. In 2008, profits were AED 605 million. The next year, in 2009, the profit dropped even further and reached 346.62. In 2010, another drop took place and profits reached AED 79 million. In 2011, DFM recorded a loss of AED 6.45 million. From the trend, one can imply that the situation is not improving, but is deteriorating year after year. DFM BOD members, executives, and managers are working hard to get out DFM from this unforeseen dilemma. Due to the consistent efforts of the DFM BOD members and management team, DFM was able to turn over the situation in 2013 and gain a +608.5% growth in net profits, to become AED 285 million from the AED 35 million in the previous year. and the following year the market have occurred profits of AED 759 million with a growth rate of 166.3%. The next three years the market saw a sharp decline in profit to hit AED 233.5 million in 2017.