DFM reopens its trading floor for investors as of Tuesday 7th July 2020

Strict precautionary measures for the safety of clients and employees

  
Hassan Al Serkal

Hassan Al Serkal

Dubai: The Dubai Financial Market (DFM) today announced that it is reopening its Trading Floor and Customer Affairs counters for investors as of Tuesday 7th July 2020, with the strict implementation of precautionary measures for the safety of clients and employees.

It is noteworthy that the DFM Trading Floor and Customer Affairs counters were temporarily closed mid-March 2020 in line with the swift measures that the UAE has introduced to contain the coronavirus COVID-19 pandemic. The DFM has maintained its trading activities as usual in spite of the temporary closure of the aforementioned premises.

The DFM resumed work from the Trading Floor early June with a gradual return of its employees and brokers to work. As of 14 June 2020, all DFM employees returned back to office work.

Hassan Al Serkal, Chief Operating Officer (COO) and Head of Operations Division of DFM said: “following the UAE’s remarkable success in containing the pandemic, we are reopening the Trading Floor and Customer Affairs counters under strict precautionary measures to protect public health and safety of clients and employees alike. For instance, the measures include usage of thermal measuring devices at the entrance of the Trading Floor, commitment to safe distance, controlling investors’ accessibility to Customer Affairs counters and guiding them to submit their applications through the smart devices available on the Trading Floor as well as installing barriers on these counter.”

“We highly encourage market participants to continue utilizing DFM’s electronic and smart platform with the same pace witnessed during the past three months. The reopening shouldn’t substitute the success achieved in terms of accomplishing transactions through DFM smart platforms developed in line with the leadership’s vision on digital transformation and as part of the Smart Borse strategy. Through these all-inclusive online and smart phone applications, investors can seamlessly accomplish all market services as well as the services of both Dubai CSD and Dubai Clear.,” Al Serkal added.

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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 media inquiries please contact:

Atef Fathy                                                                                                                              
Vice President – Head of Media & Public Relations
Dubai Financial Market                                                                                                         
Tel: 04-3055334
Email: afathy@dfm.ae 

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