“Dubai Financial” attracts 138.2 thousand new investors in 2024 .. 85% of them are foreigners

During the past year, the Dubai Financial Market attracted 138 thousand and 262 new investors, 85% of whom are foreigners, with a strong increase of 120.5% compared to 62 thousand and 676 new investors in 2023.

Dubai Financial Market Company stated, in a statement, yesterday, during which it announced its unified results for the fiscal year ending December 31, 2024, that foreign investors in the Dubai market contributed 50% of the total trading value in 2024, compared to 47% in 2023 ( With a capital share, 21% of the total market value when the market is closed by the end of the year).

She pointed out that the market witnessed a noticeable increase in investors’ demand from the institutions segment, as their share in the trading value increased significantly to 65% compared to 58% in 2023, which reflects the high market attractiveness for a variety and growing rule of investors.

The market recorded 24% in net profit (before tax), which amounted to 409.3 million dirhams, compared to 329.6 million dirhams in 2023.

This growth came driven by strong trading volumes, abundant capital flows and remarkable increase in investor activity from the SIM and institutions, and the stable market performance, as well as the improvement of the returns of investments.

The total value of the returns collected in the market during the year 2024 reached 10.48 billion dirhams, through three preliminary general subscriptions, which were very successful, including the inclusion of the “Talabat” company, which ranked first as the largest initial publication of technology in the world for the past year.

The Dubai Market Index achieved a strong leap of 27.1%, closed at the level of 5158.67 points at the end of the year, which is its highest level since September 2014, while constituted a prominent achievement for the past decade.

Dubai has also maintained its distinguished position as the best performance in the Gulf Cooperation Council countries for the second year in a row.

This remarkable growth of the index is considered the largest annual gain in three years, and the Dubai Financial Market Path is reinforced for the fourth year in a row.

The market value of the companies listed in the Dubai Financial Market increased during the year 2024 to 907 billion dirhams, an increase of 32% compared to 688 billion dirhams in 2023.

The average daily trading value increased by 5%, to reach 423 million dirhams, while the total trading value of 5.5% to 107 billion dirhams.

Dubai Financial Market Company announced that total revenues of 632.3 million dirhams for the entire fiscal year 2024, with a growth of 15.5% compared to 2023.

Operating income contributed to 353.1 million dirhams of unified revenues, while investment returns and other revenues contributed to 279.2 million dirhams.

The total costs, with the exception of the tax, reached 223 million dirhams, compared to 217.9 million dirhams during the year 2023.

During the meeting of the company’s board of directors yesterday, the annual results were discussed and approved in preparation for their presentation during the upcoming annual general assembly meeting.

The Board of Directors recommended the distribution of cash dividends to shareholders of 256 million dirhams, 3.2% of the capital, and 97% of the total detained profits that can be distributed.

“The strong results achieved by the Dubai Financial Market are an important achievement that will enhance the position of Dubai as a leading destination that attracts global investors, in line with the aspirations of the wise leadership to establish the emirate’s position as a leading global financial center, as it strengthened the Dubai market The financial location as the best performance market in the region, continuing to achieve more growth, reflecting Dubai’s ambitious vision and its global infrastructure, in addition to its firm commitment to providing new opportunities for both companies and individuals. He added: «After all the achievements we have made, starting from the initial general subscriptions that have achieved record returns, to strong trading activity, launching innovative products and enhancing the participation of foreign investors, our focus will continue to attract global capital and keep them to achieve a sustainable value for all concerned authorities.

In turn, the CEO of the Dubai Financial Market and Nasdak Dubai, Hamid Ali said: “We are pleased to achieve this strong performance in the Dubai Financial Market during the year 2024, which came as a result of our continuous focus on innovation and the success of our strategic initiatives, as this year constituted a detailed turning point for our business , Where we expanded our portfolio and we have made more opportunities for a variety of investors and exporters alike. ”

He added, “We succeeded through the innovative infrastructure of the Dubai Financial Market and our various initiatives, in consolidating the leading market position at the forefront of the financial markets, which strengthened the leadership role of Dubai City, a major global destination for financial activity.”

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Enhancing the participation of individual investors

The participation of investors from the individuals segment in the Dubai Financial Market witnessed remarkable growth during the year 2024, as the individual investor sector contributed 35% of the total trading activity during the past year, which reflects the impact of individual investors, which has emerged strongly in the recent initial subscriptions, as it has been increased. Classes allocated to individual investors in response to strong demand.

. A proposal to distribute cash dividends of 256 million dirhams.

. 10.48 billion dirhams the total value of the market collection revenues through 3 subscriptions.