Saudi Tadawul Group Holding Company (STG), a leading diversified capital markets group, has entered into a binding agreement with existing shareholders of DME Holdings Limited to acquire a 32.6% stake in Dubai Mercantile Exchange (DME).
<ul>
<li><b>Plans to launch a new retail product derived from the Oman Crude Oil Futures</b></li>
<li><b>Hamed Ali: “Leveraging the strengths of the two exchanges’ to provide investors with new investment opportunities”</b></li>
<li><b>Raid Al-Salami: “The collaboration with DFM underlines our commitment to support the growth of the financial sector and the energy industry in Dubai”</b></li>
</ul>
The DME Oman marker price is used by National Oil Companies of Oman, Dubai, Saudi Arabia, Kuwait and Bahrain to price more than 5.5 million barrels per day of Middle.
The Dubai Financial Market (DFM) and Dubai Mercantile Exchange (DME) will jointly explore financial products opportunities following the signing of an agreement, that will cater to DFM’s large and diversified investors base of over 852,000 investors. The new initiative stems from both
DUBAI, 29th March, 2022 (WAM) The Dubai Financial Market (DFM) and Dubai Mercantile Exchange (DME) will jointly explore financial products opportunities following the signing of an agreement, that will cater to DFM’s large and diversified investors base of over 852,000 investors.
The new initiative stems from both exchanges’ commitment to jointly implement Dubai’s strategy to develop financial markets and exchanges through various synchronized efforts.
The agreement was signed by Hamed Ali, CEO of DFM and Nasdaq Dubai, and Raid Al-Salami, Managing Director of DME,.