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DFM, Nasdaq Dubai merger a “possibility”
A merger between Dubai’s leading stock exchanges, Dubai Financial Market (DFM) and Nasdaq Dubai is a possibility…
September 14, 2009 12:01 by kippreport
A merger between Dubai’s leading stock exchanges, Dubai Financial Market (DFM) and Nasdaq Dubai is a possibility, an official told Emirates Business.
Abdulla Al Awar, CEO, DIFC Authority, said: “Under a consolidated approach – because Borse Dubai owns both DFM and Nasdaq Dubai – the merger can be looked into.”
He added: “There aren’t, to the best of my knowledge, any official talks. But one thing is for sure; when we develop strategies we will be in close contact with Borse Dubai, Nasdaq Dubai and our regulators, Dubai Financial Services Authority, to make sure that the proposition of the UAE is a good one.”