DIFX plans to introduce Dubai depository receipts

DIFX, the regional securities market being set up within the Dubai International Financial Centre (DIFC), is planning to introduce the concept of Dubai depository receipts (DDRs).

DDRs are likely be tailored along the lines of American depository receipts (ADRs) or global depository receipts (GDRs) which are issued by well established markets such as those in New York, London and Luxembourg.