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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Investment, Market Moves more

DFM bids for 100pct stake in Nasdaq Dubai

Posted on 23 December 2009

From Khaleejtimes.com: Stock market operator Dubai Financial Market PJSC, or DFM, made an offer on Tuesday to buy rival Nasdaq Dubai for $121 million to expand its asset class offering and raise additional revenue.

The offer to acquire 100 per cent of Nasdaq Dubai comprises $102 million in cash and 40 million DFM shares. Nasdaq Dubai is an international financial exchange that currently lists shares, derivatives, exchange-traded commodities, structured products Sukuk, or Islamic bonds, and conventional bonds…………………………………..Full Article: Source

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