Dubai Financial Market shareholders approve financial statements for the fiscal year 2010

Dubai, April 26, 2011 (WAM) - Dubai Financial Market "PJSC" shareholders approved Balance Sheet and Income Statement for the fiscal year ending December 31st 2010. During the ordinary Annual General Meeting held on April 24th 2011, and headed by Abdul Jalil Yousef Darwish, Chairman of the company, the shareholders endorsed Board of Directors' recommendation to withhold cash dividend for the year ending December 31st 2010.
It is noteworthy that the company distributed cash dividends of 23% in total over the previous three years, equivalent to Dhs1.8bn, including 10% for 2007, 8% for 2008 and 5% for 2009.
DFM shareholders also ratified BOD's report about the company's performance and its financial position for the fiscal year ending December 31st 2010, the external auditor's report and the Sharia'a and Fatwa Supervisory Board report. The shareholders also approved the formation of the new Sharia'a Board including: Dr. Hussein Hamed Hassan, Head of the Board, Dr. Abdul Sattar Abu Ghuddah, Member and Dr. Mabid Al Jarhi, Member.
DFM Company recorded a net profit of Dhs78.9m in 2010, compared to Dhs346.6m in 2009. Total revenues reached to Dh260.5m at the end of 2010, compared to Dh502.9m in 2009. The earning per share stood at Dh0.01 in 2010 compared to Dh0.04 in 2009. - Emirates News Agency, WAM