DUBAI FINANCIAL

OVERVIEW1

MARKET (PJSC) INTEGRATED REPORT 2022

2

ANNUAL REPORT

Dubai Financial Market (PJSC)

Integrated Report 2022

Dubai Financial Market, P.O.Box: 9700,

Dubai UAE. T: +971 4 305 5555;

Email: customerservice@dfm.ae | Website: www.dfm.ae

Disclaimer

Dubai Financial Market (DFM) endeavors to provide and publish correct real time data and information however it is not guaranteed to be timely or accurate and is for knowledge purposes only. DFM shall not assume any responsibility for any diminution, error and/or delay of data and information published. Consequently, DFM will not be liable for any claim or loss of any nature that may occur directly or indirectly, from the use of the data and information available at DFM or in any of its publications.

Copyright © 2023, Dubai Financial Market PJSC. All Rights Reserved. Published on 28th February, 2023.

OVERVIEW

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H.H. Sheikh Mohammed bin Rashid Al Maktoum

Vice President and Prime Minster of the UAE, and Ruler of Dubai

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ANNUAL REPORT

OVERVIEW

TABLE OF CONTENTS

01

OVERVIEW

08

About DFM

17

2022 Year in Review

10

2022 DFM Company Highlights

18

Investment Case

12

Our Markets at a Glance

20

Executive Management

14

Our Story

02

STRATEGIC REPORT

26

Chairman's Statement

39

Market Performance

28

CEO's Message

41

CFO's Review

32

Our Business Model

44

Risk Management

34

Our Strategic Priorities

47

Business Review

36

Economic & Regulatory Overview

03

SUSTAINABILITY

52

2022 Highlights

61

Sustainable Capital Market

53

Sustainability Context

63

Positive Social And

54

Sustainability Strategy 2025

Environmental Impact

57

Governance Excellence

04 CORPORATE GOVERNANCE

68 Corporate Governance Report

96 Fatwa and Shari'a Supervisory

Board Report

REPORT AND CONSOLIDATED

05 FINANCIAL STATEMENTS

100

Independent Auditor's Report

108

Consolidated Statement of

105

Consolidated Statement of

Changes in Equity

Financial Position

109

Consolidated Statement of

106

Consolidated Statement of Income

Cash Flows

107

Consolidated Statement of

110

Notes to the Consolidated

Comprehensive Income

Financial Statements

5

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ANNUAL REPORT

01.

OVERVIEW

Discover a trailblazing market in a dynamic and diversified international financial hub, providing unprecedented opportunities to leverage positive momentum, capitalize on growth and 'Go Global from Dubai'.

OVERVIEW

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ANNUAL REPORT

OVERVIEW

9

ABOUT

DFM

WHO WE ARE

Established in 2000, Dubai Financial Market (DFM) launched a new era for the capital markets in Dubai and the UAE.

For over two decades, DFM played a vital role in attracting investment and powering economic development, as a leading marketplace for fund-raising, listing, and trading various types of securities and asset

classes. Providing primary and secondary market services to investors and issuers alike, DFM leverages integrated operations with its subsidiary Dubai Central Clearing and Depository and its sister exchange Nasdaq Dubai to seamlessly connect various market participants locally, regionally, and globally.

OUR PEOPLE

145

52%

22%

Total Employees

Female Employees

Female Board Members

OUR SHAREHOLDERS

OUR VISION

We believe in accelerating tomorrow and in the potential of people, businesses, ideas and ambitious visions.

OUR MISSION

We contribute to the growth of the Dubai economy by creating a global financial markets hub, providing seamless accessibility through a smart, fluid ecosystem conducive to growing investments, wealth of individuals and businesses in an accelerated and sustainable way.

OUR VALUES

Diligent: We work with care and rigor. The details make the difference.

Open: We are aware that the world is constantly changing around us. We seek out new and different ideas, opinions, and points of view.

Collaborative: We are in this together, working hand-in-hand for growth and prosperity, when our clients' businesses thrive, we thrive too.

Determined: We approach our work with the end goal in mind and have a relentless spirit that ensures results.

Proactive: We take actions intended to cause change, rather than reacting to change.

#26,937 SHAREHOLDERS

COMPANY

8 billion

By Ownership

By Nationality

# Shares issued

Public Stake 19.34%

• Foreign 3.49%

Borse Dubai 80.66%

• Arab and GCC 2.66%

• UAE 93.85%

OUR MARKETS

OUR REGULATORS

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Disclaimer

DFM - Dubai Financial Market PJSC published this content on 28 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2023 11:19:55 UTC.