Saudi Tadawul Group Holding Co. announces the signing of sale and purchase agreement to acquire a 32.6% strategic stake in DME Holdings Limited

Saudi Tadawul Group Holding Co. announces the signing of sale and purchase agreement to acquire a 32.6% strategic stake in DME Holdings Limited

Element List

Explanation

Transaction Details

Saudi Tadawul Group Holding Co. (the Group), announces that it has entered into a binding sale and purchase agreement with DME Holdings Limited and it existing shareholders (including Eagle Commodities Limited, New York Mercantile Exchange, Inc and Tatweer Dubai LLC.) (the Agreement) to acquire a 32.6% shareholding in DME Holdings Limited (the Proposed Transaction) New York Mercantile Exchange, Inc. (NYMEX) is owned by CME Group (CME), Tatweer Dubai LLC (Tatweer) is owned by Dubai Holding and Eagle Commodities Limited is owned by the Oman Investment Authority. As a result of the Proposed Transaction, the Group will invest indirectly in Dubai Mercantile Exchange Limited (DME), which is owned by DME Holdings Limited, and regulated by the Dubai Financial Services Authority. In addition, the Group will become the joint largest shareholder alongside CME. The shares acquired represent a combination of new and existing shares. The proceeds from the new shares will be used to fund DME’s growth.

Transaction Value

The Group will invest SAR 107 million ($28.5 million) by acquiring 32.6% stake in DME Holding Limited representing a combination of new and existing