
Dubai Financial Market PJSC
Pressreleases, Reports and Disclosures for Dubai Financial Market PJSC
The Dubai Financial Market (DFM) has announced new margin parameters effective from 11th December 2023. The base margin percentages for various underlying assets range from 5% to 11%, with base margin per contract and spread margin per contract also specified in AED or USD. The detailed parameters for each asset, such as AIRARABIA, AlANSARI, ARMX, DEWA, DEYAAR, DFMGI, DFM, DIB, DIC, DU, EMAAR, EMAARDEV, EMIRATESNBD, EMPOWER, GFH, OMOIL, SALIK, and SHUAA, can be found in the announcement. Further information on margin calculation methodology and types of eligible margin is available in the Derivatives Clearing Guidelines and Procedures. This information is subject to change and should be considered in conjunction with the Dubai Financial Market Regulated Derivative Contract Trading Regulation.
Dubai Taxi Company PJSC (DTC) has started trading on the Dubai Financial Market (DFM), making it the second listing on the DFM this year. The listing saw record oversubscription levels of over 130 times, demonstrating strong investor confidence in DTC and Dubai's economic outlook. The total gross proceeds from the listing were approximately AED 1.2 billion (about US$ 315 million), with a market capitalization at the time of listing of AED 4.6 billion (around US$ 1.26 billion). The total value of equity listings on the DFM this year has now reached AED 12.3 billion. The successful listing underscores the strength of Dubai's capital markets and its strategic economic vision.