Nasdaq Dubai: Quick facts
Nasdaq Dubai was opened in September 2005 to serve the region between Western Europe and East Asia
What is Nasdaq Dubai?
- The international stock exchange serving the region between Western Europe and East Asia. It opened in 2005.
- It is based in the Dubai International Financial Centre (DIFC) free zone and regulated to international standards by the Dubai Financial Services Authority (DFSA).
Who owns it?
- Borse Dubai owns two-thirds of the shares. Nasdaq OMX, the world's largest exchange group, bought the other one-third of the shares from Borse Dubai in February 2008.
- Dubai Financial Market, PJSC (DFM) announced today that it has made an offer to Borse Dubai Ltd. (Borse Dubai) and The Nasdaq OMX Group Inc. (NASDAQ OMX) enabling DFM to acquire 100 per cent of Nasdaq Dubai.
What is listed on Nasdaq Dubai?
- 18 equities including UAE-based DP World, which carried out the Middle East's largest IPO in November 2007 ($4.96 billion).
- 4 other primary equities: UAE-based Depa and Damas; Kingdom Hotel Investments (based in DIFC); and Bahrain-based Al Baraka.
- 13 secondary listings from companies based in countries including Australia, Canada, China, India, Switzerland, the UK and the US. (Two of these listings enable investors to buy shares in funds managed by a hedge fund.)
- 7 conventional bonds
- 21 Sukuk (Islamic bonds) with a value of more than $16 billion
- 21 Structured Products issued by Deutsche Bank, Merrill Lynch and Morgan Stanley
Who are Nasdaq Dubai's members?
It has 25 Members, including many of the world's and the region's leading investment banks and brokers.
ABN AMRO, Arbuthnot Securities, Arqaam Capital, Barclays Capital, Citigroup, Credit Suisse, Daman Securities International, Deutsche Bank, EFG-Hermes, Gulf National Securities Centre International, Hichens Harrison, HSBC, ING Bank NV, Jefferies International, JP Morgan, KAS Bank, MAC Capital, Mashreq Capital DIFC, Mashreq Securities, Merrill Lynch, Morgan Stanley, National Bank of Dubai Investment Bank, SHUAA Capital, UBS and Union Brokerage.
NASDAQ Dubai features
- Multi-currency listing choice - including US dollar and UAE Dirham
- Zero taxation and full repatriation of profits for investors
- World-class legal and regulatory framework in region's financial hub
- Book-building IPO with full access for regional and international investors
- A free float of as little as 25% of issued share capital
