Friday, March 13, 2009

Dubai Financial Market's 2008 net profit reaches Dhs605m

The Dubai Financial Market Company PJSC, some week ago announced resilient results for the financial year ending 31st December 2008, illustrating good revenues and a net profit despite of the global financial turmoil.

Total revenues reached

Dhs1.01bn, at the end of 2008, compared to Dhs1.13bn, at the end of 2007. The total revenue comprised Dhs689m operational revenues and Dhs324m investment revenues. The Dubai Financial Market Company PJSC, earning per share was Dhs0.08 compared to Dhs 0.18 at the end of 2007.

And now?
Essa Kazim, Executive Chairman of DFM, said:'Nevertheless, we are pressing ahead with our strategy to enhance our leading position as the market of choice for investors and companies seeking listing. This will enable us to look ahead with confidence supported by the excellent relations we have with our business partners, and the unstinting support of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The Dubai Financial Market Received on 23th February a high-level Swedish financial delegation, the visit aim is to strengthen financial and investment relations, and explore cooperation opportunities.

The Swedish delegation

visit to the Dubai Financial Market is part of a tour in the region that includes, the United Arab Emirates and Qatar. His Excellency Bruno Beijer Ambassador of Sweden to the UAE said:' there is huge opportunity to develop the relations between the UAE and Sweden as the UAE is Sweden's second largest trading partner in the Middle East.'