NASDAQ Dubai
| Type | |
|---|---|
| Location | Dubai, United Arab Emirates |
| Founded | September 2005 |
| Owner | Dubai Financial Market (66%), Borse Dubai (33%) |
| Key people | Abdul Wahed Al Fahim (Chairman), Hamed Ali (CEO) |
| Website | www |
NASDAQ Dubai is a Dubai-based that lists regional and international shares in the Middle East. Through the exchange, regional issuers can access regional and international investment. International issuers can access investment from the region, through a primary or dual listing.
The NASDAQ Dubai region includes the United Arab Emirates and the rest of the Gulf Cooperation Council (GCC), the wider Middle East and North Africa, Turkey and the Indian sub-continent.
The majority shareholder of NASDAQ Dubai is DFM, which acquired two thirds of the shares in May 2010 from Borse Dubai and NASDAQ OMX Group. Borse Dubai still owns one third of the shares.
NASDAQ Dubai is located in the Dubai International Financial Centre, a financial free zone. The exchange is regulated by the Dubai Financial Services Authority.
The exchange launched on 26 September 2005 under the name Dubai International Financial Exchange (DIFX), which initially listed and products.
In 2007, the exchange listed the largest IPO in the Middle East, when DP World raised USD 4.96 billion.
In 2008, NASDAQ OMX acquired a one-third stake in the DIFX and it rebranded to NASDAQ Dubai. The other two-thirds was owned by Borse Dubai, the holding company of NASDAQ Dubai and Dubai Financial Market (DFM).
In 2008, NASDAQ Dubai launched the first equity derivatives market in the United Arab Emirates.
In 2010, the exchange took a step towards creating a single regional liquidity pool by moving all its equities trading on to DFM’s trading platform. The same year DFM acquired a two-thirds stake in NASDAQ Dubai, with Borse Dubai retaining a one-third stake.
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Wikipedia