Day: January 31, 2022

DUBAI, Dubai Financial Market Company today announced its consolidated results for the financial year ended 31st December 2021, posting a net profit of AED103.8 million compared to AED137.9 million in 2020.

Total revenues reached AED294.6 million compared to AED337.2 million. The total revenue comprised AED213 million operating revenues and AED81.6 million investment revenues and others.

The Company has successfully reduced its 2021 expenses by 4 percent, equivalent to AED8.5 million, to AED190.8 million compared to AED199.3 million in 2020, clearly indicating the viability of its cost efficiency policies.

As for the fourth quarter of 2021, the net profit increased by 269 percent to AED65.7 million compared to AED17.8 million in the corresponding period of 2020, while the company’s total revenue increased by 68 percent AED111.5 million compared to AED66.2 million.

During its meeting on Monday, the Board of Directors reviewed and approved the annual results ahead of submission for ratification during the Annual General Meeting of the Company held based on the approval of the Securities and Commodities Authority (SCA). The Board also recommended distributing a 3 percent cash dividend to the shareholders equivalent to AED240 million.

Commenting on the key developments and achievements of 2021, Helal Al Marri, Chairman of the Company, said, “The year 2021 ushered in a ‘new chapter’ in DFM’s momentous journey. We deeply believe that DFM’s prospects and ability to achieve sustainable growth remain promising owing to the leadership’s vision and the numerous initiatives announced during the past few months by the Higher Committee for Development of Financial Markets.

“Our confidence stems from DFM’s world-class infrastructure and regulations and its demonstrated business excellence. These factors jointly position DFM to endure its dynamic role and sustain growth and its active contribution in efforts aimed at strengthening Dubai’s status as a capital markets hub globally.”

He added that the DFM General Index witnessed an increase of 28.2 percent, the highest since 2013. Meanwhile, trading value increased 10.2 percent to AED72.3 billion compared to its level during 2020. The Market Capitalisation of listed securities has increased 20.5 percent to AED411 billion. The DFM ended the year with a strong note as trading value jumped 126 percent during the fourth quarter to AED33.6, equivalent to 46.5 percent of the full-year trading value.

In 2021, foreign investors maintained their strong presence with a 45.8 percent market share of DFM’s trading value. They were also net buyers of AED1.9 billion, and their ownership of the market capitalisation reached 22.5 percent at the end of the year. Similarly, institutional investors accounted for 45.8 percent of trading activity with a net purchase of AED656 million.

The DFM has attracted 7,342 new investors, including 677 institutions, bringing its investor base at the end of 2021 to 852,212 investors from 209 nationalities. Foreign investors accounted for 63 percent of the new investors (4,626).

Source: Emirates News Agency

DUBAI, dnata, a leading global air and travel services provider, announced a major, over €200 million investment in a fully automated cargo centre, dnata Cargo City Amsterdam, at Amsterdam Airport Schiphol (AMS).

dnata Cargo City Amsterdam will significantly enhance cargo capacity in The Netherlands and create new, direct jobs with dnata. It will enable dnata and its customers to substantially expand operations and business, stimulating local economy and trade.

Located at Schiphol South-East, the 61,000 sqm facility will include increased, 19,000 sqm warehouse space, and be capable of processing over 850,000 tonnes of cargo annually. It will comply with the highest industry standards ensuring efficient and safe handling of all types of cargo, including perishables, pharmaceuticals, dangerous goods, mail, live animals, aircraft engines and vehicles. The facility is scheduled to become operational in 2024.

dnata Cargo City Amsterdam will be developed by Schiphol Commercial Real Estate and equipped by Lödige Industries with cutting-edge technologies. The project is Schiphol Real Estate’s largest ever commercial property development at AMS. Furthermore, the project will earn BREEAM excellent certification for sustainability and eco-friendly design of the facility.

Today’s announcement underlines dnata’s relentless commitment to providing world-class safety and services through the latest technologies, under all market conditions. Over the past years, dnata has continued to make strategic investments in its operations to further enhance its service offering. This included the opening of new, state-of-the-art cargo facilities in Manchester (UK), Karachi and Lahore (Pakistan), and additional cargo capacity and infrastructure in Brussels (Belgium), Sydney (Australia) and Toronto (Canada). In addition, this March dnata will open the second phase of the dnata City East project at London Heathrow (UK).

dnata currently provides passenger, ground handling and cargo services to 29 airlines at AMS. dnata The Netherlands’ customer-oriented team consists of 1,000 aviation professionals, who assist over 1.5 million passengers, ensure the smooth operations of some 8,000 flights, and handle 580,000 tonnes of cargo annually.

David Barker, dnata’s Divisional Senior Vice President for Airport Operations, said, “dnata Cargo City Amsterdam will be a game changer in the regional cargo industry, delivering significant commercial benefits for our partners, their customers and the local economy.

“We continue to invest in infrastructure, equipment and cutting-edge technologies with a clear focus on sustainability to further enhance our offering and offset our carbon footprint across our global network.”

Jan Willem Weissink, Managing Director, Schiphol Commercial, said, “Together with dnata and other partners, Schiphol is working on a highly successful, efficient and sustainable cargo operation. We are delighted to have started the construction of dnata Cargo City Amsterdam for one of our most important partners in the cargo operation at Amsterdam Airport Schiphol.”

dnata Cargo City Amsterdam will be equipped with two separate automated storage and retrieval systems (ASRS), using the latest technology from Lödige Industries, for import and export with twelve stacker cranes. A total of up to 2,500 pallets will be stored here. In addition, a separate storage for ULDs will be serviced by four elevating transport vehicles (ETV).

dnata will also make use of seven intelligent automated guided vehicles (AGV) to enable flexible and scalable ULD transport within the terminal. These AGVs, which represent a recent product innovation of Lödige Industries, will be applied here for the first time on a large scale. Another special feature will be the implementation of smart gates, which automatically record the volume and weight of all incoming consignments by scanning them in 3D, thus significantly speeding up handling and improving the quality of service.

dnata provides quality and reliable ground handling, cargo, catering and retail services at over 120 airports in 14 countries.

Source: Emirates News Agency