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KSA Business: Saudi Tadawul Group to acquire 32.6pc stake in DME

Audi Tadawul Group Holding Company (STG), a leading diversified capital

Saudi Tadawul Group to acquire 32.6pc stake in DME

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).

Oman crude price soars to $90.41/barrel, reaching 11-month high

Oman crude deliveries via DME jump 18% in Q1

MUSCAT: Physical deliveries of Omani crude via the exchange delivery mechanism of the Dubai Mercantile Exchange (DME) rose 18 per cent to 63.77.

China accounts for 90 per cent of Oman crude exports

MUSCAT: China accounted for 90 per cent of Oman’s total crude exports of 23.4 million barrels in December 2022, the Ministry of Energy and Minerals.