Saudi group buys major stake in Dubai Mercantile Exchange

Saudi group buys major stake in Dubai Mercantile Exchange

Arabian Post Staff Saudi Tadawul Group Holding Company (STG), a diversified capital markets group in the MENA region, has entered into a binding agreement with the shareholders of DME Holdings Limited to acquire a 32.6% stake in Dubai Mercantile Exchange (DME). As a result, Saudi Tadawul Group will become the joint largest shareholder in DME Holdings Limited alongside CME Group, with other shareholders including the Oman Investment […]

via Saudi group buys major stake in Dubai Mercantile ExchangeArabian Post Staff

Saudi Tadawul Group Holding Company (STG), a diversified capital markets group in the MENA region, has entered into a binding agreement with the shareholders of DME Holdings Limited to acquire a 32.6% stake in Dubai Mercantile Exchange (DME).

As a result, Saudi Tadawul Group will become the joint largest shareholder in DME Holdings Limited alongside CME Group, with other shareholders including the Oman Investment Authority and Dubai Holding as well as global financial and commercial industry leaders.  The Agreement also includes an ability for STG to increase its shareholding in the future. The shares acquired represent a mix of new and existing shares, with the proceeds from the new shares used to fund DME’s growth.

STG’s investment represents a significant opportunity to leverage world-class