Dubai: In response to the directions of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Dubai Financial Market (DFM) today celebrated the “Flag Day”, as the UAE flag was hoisted and national anthem was played at the Trading Floor, with a controlled presence of DFM employees, investors and brokers due to the precautionary measures related to COVID-19. The majority of employees virtually took part in the event.
His Excellency Essa Kazim, Chairman of DFM said: “We are honored to congratulate the leadership and people of the UAE on this occasion, which provides an unprecedented example of loyalty towards our beloved homeland and the astute leadership.”
The Flag Day, which marks the anniversary of His Highness Sheikh Khalifa bin Zayed Al Nahyan becoming the President of the United Arab Emirates, is an annual celebration that honors the flag through series of simultaneous events with nationwide participation from citizens and residents of the UAE.
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
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Dubai Financial Market
© Press Release 2020