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01 january 2014
Home > Products > Services Catalogue > Services Details

Deposit / Withdrawal of Dual Listed Companies Shares From and To DFM

Details
This service enables Shareholders to transfer their shares from and to DFM based on the agreement signed between DFM, the listed company & the company's Registrar.

For more information on this service, please contact:
DFM Customer Services
T: +971 4 305 5555
E: customerservice@dfm.ae

Fees
AED 30 per transaction

Procedures
  • Procedure for Shares Transfer from DFM (Withdrawal)
  1. The investor must complete the official Deposit / Withdrawal Request Form giving the instruction to transfer the shares from DFM and submit to the Client Affairs Department along with the required documents
  2. The Client Affairs Department will issue a receipt voucher with the requested amount of fees for the investor to pay 
  3. The request and the signature will be approved by DFM and a voucher of payment will be issued 
  4. The transaction will be entered and approved in the system Requirements for shares deposit in DFM (Deposit)
  • Procedure for Shares Transfer to DFM (Deposit)
  1. The Company's Registrar must provide DFM with an official Deposit Request Form, giving the instruction to transfer the shares to DFM and submit to the Client Affairs Department along with the required documents
  2. The Client Affairs Department will issue a receipt voucher with the requested amount of fees for the investor to pay
  3. The request and the signature will be approved by DFM and a voucher of payment will be issued
  4. The transaction will be entered and approved in the system

Required Documents

Requirements for Shares Transfer from DFM (Withdrawal)

  • An official Deposit / Withdrawal Request Form completed by the investor, including the following details:
  1. Investor's full name
  2. DFM Investor Number (NIN)
  3. Listed company name
  4. Amount of shares to be transferred
  5. Market name
  6. Account number in the receiving market
  7. Investor’s signature


Requirements for shares transfer to DFM (Deposit)

  • An official Deposit/Withdrawal Request Form must be received from the company’s Registrar, including the following details:
  1. Investor's name
  2. DFM Investor Number (NIN)
  3. Listed company name
  4. Amount of shares to be deposited
  5. Name of the brokerage firm to which the shares are to be transferred (optional)
  6. Signature of the authorized person(s) (if any)

How to Apply?
Online through DFM eServices or in person at the DFM Client Affairs Department, Trading Floor, World Trade Centre, Dubai

FAQs

The requirements of securities withdrawal from the Dubai Financial Market (DFM) are as follows:

An official letter or a depositing and withdrawing form should be sent by the investor completed with the following details:

  • Investor Name.
  • Investor Number.
  • Company Name.
  • Quantity of securities to be transferred.
  • Identify the transfer is to be made from 'Dubai Financial Market' (tick the appropriate box on the form).
  • Broker account number in the other market.
  • Custodian’s stamp and authorized signature.
  • Submission of fees by custodian.
Al Salam Bank – Sudan have different procedures for withdrawing shares from the Dubai Financial Market (DFM) to the Khartoum Stock Exchange, the investor should follow the below mentioned procedures:

  • Complete the Securities Deposit & Withdrawal Request Form. (tick the withdrawal box)
  • Attach a passport copy or ID copy of the individuals.
  • Attach a visa copy (for non-UAE nationals).
  • Attach the Articles of Association and Commercial Registration, which should illustrate the company’s nationality.
  • Submission of fees.
Note: In some cases there are requests to withdraw Gulf Financial House shares from the Dubai Financial Market (DFM) to the Al Bahrain Stock Market to re-transfer shares to the Al Kuwait Stock Market, and the reason for this is there is no sub-listed agreement signed between the DFM, Gulf Financial House and the Kuwaiti Company for Clearance. And in this case, usually the investor's letter for withdrawal of the shares does not mention the investor 's number or investor 's account details with the broker. The DFM Depository Department will accept the letter under the condition that the letter must specify that the reason to transfer securities to Bahrain is in order to re-transfer the securities to the Al Kuwait Stock Market.

The requirements of securities transfer to the Dubai Financial Market (not associated with delivering shares certificates to complete depositing procedures):

The company 's registrar should send an official letter to the DFM giving instruction to deposit the securities to the investor’s account at the DFM. The letter should include the following details:

  • Investor Name.
  • Investor Number.
  • Company Name.
  • Quantity of securities to be transferred.
  • Custodian’s account to deposit the securities in the agent’s account.
  • Signature of authorized signatories (if any).
  • Submission of fees by custodian.