In its consolidated results for the fiscal year that ended on December 31, 2024, Dubai Financial Market Company reported a 24% increase in net profit (pre-tax) to Dhs409.3 million from Dhs329.6 million in 2023.
Strong trading volumes, substantial capital inflows, a spike in institutional and retail investor activity, and consistent market performance in addition to investment returns performance were the main drivers of the growth. As the top financial exchange in the area, DFM produced a solid result during the quarter that ended on December 31, 2024.
For the entire year 2024, DFM recorded total revenues of Dhs632.3 million, which represents a 15.5% increase over the previous year. Operating income of Dhs353.1 million and investment returns and other income of Dhs279.2 million are included in this revenue.
Three very successful initial public offerings (IPOs) took place throughout the year, including Talabat’s listing, which was the biggest international tech IPO of the year. The DFM General Index reached a spectacular 10-year high, ending at 5,158.67 at year’s conclusion, up 27.1%, its highest level since September 2014.
For the second year in a row, Dubai continued to hold its position as the GCC’s top-performing market. For the fourth year in a row, DFM has been on the rise, and this remarkable index growth is the biggest yearly gain in three years.
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