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On July 31, 2025, Gulf Navigation Holding PJSC informed Hamed Ahmed Ali, the CEO of the Dubai Financial Market, about an increase in the permitted percentage of foreign ownership in the company’s capital. The limit has been raised from 49% to 100% according to Article 7 of the company's articles of association. The last trading date under the 49% limit will be August 1, 2025, and the new limit will take effect on August 4, 2025. This information was communicated by Nader Muqbel, the Investor Relations Director.
The Dubai Financial Market (DFM) reported a significant increase in its financial performance for the first half of 2025, with net profit before tax rising by 298% to AED 777.1 million compared to the same period in 2024. Total consolidated revenue grew by 191% to AED 888.9 million, driven by strong trading activity, diversified income streams, and a one-off income from the sale of an investment property. The total traded value increased by 77% year-on-year to AED 85 billion, with institutional investors making up 71% of the activity. DFM attracted 53,655 new investors, 84% of whom were foreign, bringing the total investor base to over 1.2 million. The DFM General Index rose by 10.6%, and the total market capitalization increased by 9.7% to AED 995 billion. The exchange's performance was supported by a dynamic Dubai economy, increased real estate activity, a growing hedge fund presence, and enhanced capital flows. DFM plans to continue enhancing its market infrastructure and diversifying its offerings to support ongoing growth.
The document is a review report and interim condensed consolidated financial statements for Dubai Insurance Company (PJSC) and its subsidiaries, dated 30 June 2025. The report is unaudited.
Dubai Insurance Company held a Board of Directors meeting on July 31, 2025, at 11:00 am at the company's headquarters. The meeting's agenda included ratifying the minutes from the previous meeting held on May 12, 2025, and approving the financial statements for the second quarter of 2025. The communication is signed by Sahem Abdel Haq, Head of Legal.