Dubai Financial Market was established as a public institution having its own independent corporate body by a Resolution from the Ministry of Economy No 14 of 2000.
DFM is operating as a secondary market for trading of securities issued by public joint-stock companies, bonds issued by the Federal Government or any of the Local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the Market. The Market commenced operations on 26th March 2000.
The Executive Council of Dubai decided to transform the DFM into a public shareholding company with a capital of AED 8 billion divided into 8 billion shares, and 20% of the capital, equal to 1.6 billion shares, was offered through an IPO. The public offering was met with great demand that exceeded all expectations, with subscriptions amounting to AED 201 billion.
On 7th March 2007, the Dubai Financial Market Company was listed on the market with the trading symbol DFM.