The Dubai Financial Market (DFM) today launched new equity futures contracts on individual stocks of Dubai Electricity and Water Authority (DEWA) and Bahriain-based GFH Financial Group.
This is part of DFM’s strategy to diversify investment opportunities, as well as to attract new investors and enhance liquidity.
According to DFM, the new launch brings a number of companies that the market provides futures’ contracts on their individual stocks to 12 listed companies with tenures of 1, 2, and 3 months.
The DFM stock futures trading platform provides a new impetus and a qualitative shift to Dubai’s leading position as a dynamic capital markets hub that provides investors with a unique and diversified opportunity, enabling them to hedge their investment positions and access the market leverage.
Earlier this month, Omani crude oil futures contracts began trading on Dubai’s stock exchange, making them available to a large number of investors.
Ten companies listed with tenures of 1, 2, and 3 months, are Emaar Development, Dubai Islamic Bank, Emirates NBD, Emaar Properties, Aramex, Air Arabia, as well as Integrated Telecommunications Company (du), Dubai Investments, DFM, and SHUAA Capital.
In April, DEWA became the first government entity to be listed on the DFM, after raising $6 billion in a public sale of shares worth 22.41 billion dirhams. DEWA was the largest public offering in the Middle East and Europe since Saudi Aramco’s initial public offering (IPO) in 2019. It is the largest publicly traded company, with a market cap of more than $35 billion.
Meanwhile, GFH Financial Group manages over $15 billion in assets and funds across the Middle East, North Africa, Europe, and North America, including a global portfolio of investments in logistics, healthcare, education, and technology. It is currently listed in Dubai, Abu Dhabi, Bahrain, and Kuwait.
