Dubai, 28 November 2016: As part of its participation in the “UAE Innovation Week 2016”, Dubai Financial Market (DFM) hosted a workshop about best practices of Financial Services in cooperation with leading financial institutions in the UAE  and beyond including National Bank of Abu Dhabi, Citibank, HSBC, and Deutsche Bank.

The workshop discussed the current trends and prospects of Financial Services sector as well as the accelerating drive to utilize most recent technologies to develop smart and innovative services. It also discussed the importance of adopting Block Chain, which provides various applications that support the infrastructure of the Financial Services sector and help to provide trusted and secured multilateral services.

Jamal Al Khadhar, Executive Vice president and Head of Human Resources and Strategic Planning, DFM said, “DFM is committed to strengthen its links with various financial institutions in order to expand discussions on ways to innovate in this sector. We would like to extend our thanks to participating banks for their cooperation and knowledge sharing with DFM’s team on the developments of the Financial Services sector.”

-Ends-

About Dubai Financial Market: 
Dubai Financial Market (DFM) was established as a public institution with its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000 and became the first Islamic Shari’a-compliant exchange globally since 2007. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFM became a public joint stock company and its shares were listed on 7 March 2007 with the trading symbol (DFM). . Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited. www.dfm.ae

For further information, please contact:
Atef Fathy
Vice President- Head of Media & Public Relations
Dubai Financial Market
Tel: 04-3055334
Email: afathy@dfm.ae

© Press Release 2016