Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
DFM ended FY16 with a net profit of AED253.5m compared to AED261m one year earlier. This slight decline was driven by a decrease of 8.4% in the operating revenues, down to AED369.4m, whereas the investment income continued its uptrend to reach AED79.54m (+38%) in 2016. For overall expenses, no significant change is worth mentioning as the group has maintained its operating expenses at the same level as 2015 (around AED200m). During the same year, DFM recognized two exceptional items (already tak...
Since its establishment at the beginning of the 21st century as a government-owned exchange, Dubai Financial market (PJSC) succeeded in developing UAE’s capital market and strengthening its leading position amongst the regional financial markets. On 7th March, 2007, DFM was the first stock exchange in the MENA region to get publicly listed: one-fifth of DFM’s capital was opened to the public while the remaining portion was subscribed by Borse Dubai (wholly owned by the state of Dubai).
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