Home » Investment in Middle East »

|| Dubai to own 20% of NASDAQ, 30% of LSE

Borse Dubai, the holding company for stock exchanges of Dubai (DIFX and DFM), has announced a series of agreements with NASDAQ (the largest U.S. electronic stock market with 3,200 listed companies). According to these transactions, Borse Dubai becomes a 20% shareholder in NASDAQ and also purchases the stake of NASDAQ in London Stock Exchange.

It was a fierce fight turning into a marriage. Both firms were fighting hard against each other for quite a while to buy OMX, the holding company for Scandinavian stock exchanges. According to these deals, NASDAQ will now own OMX. (Also, like all marriages, a name change is involved: Dubai’s DIFX exchange is going to be re-named NASDAQ DIFX)

By the way, did you know that NASDAQ is by itself a listed company on NASDAQ? Dubai now owns 20% of NASDAQ, but you can also spend $36 and own 0.0000008% of it! ...

(Download our "Concise Directory of Investment Firms in the Middle East" to find out more about investment firms in the Middle East)

Previous Post: Dubai Businessman Spent $215,000 in London Nightclub
Next Post: Internal Memo of NASDAQ CEO on Dubai Deal

More from Investment in Middle East ...

  JPM, London fund invest $20 million in Dubai e-commerce firm

  Souq.com merges private shopping portal Sukar.com in its operations

  UAE early stage investor Saffar Holding to exit its investment in Zawya

  How to sell your Middle Eastern media firm - 7 lessons from Flip Media acquisition

  Publicis Groupe acquired Dubai-based digital agency Flip Media

  Carlyle Group acquires 42% stake in Domino's Pizza MENA master franchise

  Middle East e-commerce website MarkaVIP raised $5 million

  Jabbar acquired remaining stake in Cobone.com from GBG to become the sole owner

  Naspers acquired stake in Dubai-based classified website

  Intel Acquires Egypt-based SySDSoft

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

Copyright 2007-2024 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   LinkedIn    Twitter

Powered by Insightice