The Dubai Financial market is also an essential part of the UAE stock exchange and it was established independently during 2000. Trading in DFM began during 2007.
DFM is a secondary market where securities can be traded by public joint stock companies, bonds issued by the Federal Government or even local government and public institutions within the country. Even units of investment funds and other financial instruments either local or foreign can be traded on DFM. DFM has been set up as a Public Joint Stock Company in UAE with a paid up capital of 8 billion with over 8 billion shares allocated. All at par value 1 per share and 20% of shares at DFM have been offered to the public.
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