The Dubai Financial Market (DFM) “PJSC” shareholders approved the Balance Sheet and Income Statement for the fiscal year ending December 31st 2014, during the Annual General Meeting held today, March 9th 2015, and headed by HE/ Essa Kazim, Chairman of the Company.
DFM shareholders also ratified the Board of Director’s report on the company’s performance and its financial position for the fiscal year ending December 31st 2014, the external auditor’s report and the Fatwa and Sharia’a Supervisory Board report. DFM Company shareholders also ratified the Board’s suggestion of a 7% cash dividend equivalent to AED 560 million and 74% of 2014 net profit.
The shareholders also appointed the External Auditors PricewaterhouseCoopers (PwC) for the fiscal year 2015 and determined their professional fees, in addition to discharging members of the Board of Directors and the External Auditors from their liabilities for the fiscal year ending December 31st 2014.
According to the Fatwa and Shari’a Supervisory Board’s report, the Zakat of shares for the year 2014 is AED 5.43 for every 1000 shares. The Board urged shareholders to submit this Zakat as per their shareholdings.
It is noteworthy that the Dubai Financial Market (PJSC) recorded a net profit of AED 759.3 million for the year 2014, compared to AED 284.6 million in 2013. Total revenues increased 107% to AED 936.7 million in 2014, compared to AED 453.1 million in 2013. The total revenue comprised of AED 879.7 million of operational revenues and AED 57 million of investment revenues and others.