The Dubai Financial Market (DFM) and Dubai Mercantile Exchange (DME) have signed a collaboration agreement to diversify investment opportunities by jointly exploring financial products that cater to DFM’s large and diversified investors base that exceeds 852 thousand investors.
The agreement was signed by Mr. Hamed Ali, CEO of DFM and Nasdaq Dubai, and Mr. Raid Al-Salami, Managing Director of DME, in the presence of Mr. Ahmad Sharaf, Chairman of DME, during the ‘Derivatives Day in Dubai’, the joint forum organized by the Dubai International Financial Centre (DIFC) in partnership with DME and CME Group, the world’s leading and most diverse derivatives marketplace.
Under this agreement, the two exchanges are planning to create a working group, following Dubai’s strategy to further develop financial markets. The collaboration will enable DFM to develop investments opportunities related to the GCC crude oil industry and offer retail investors the opportunity to be directly involved in the biggest and most relevant asset class in the region.
Hamed Ali CEO – DFM
“As part of DFM’s efforts to diversify asset classes and product offerings, we are delighted to sign this agreement with DME to introduce new investment opportunities to our investors, in particular retail investors. The agreement underlines the two exchanges’ commitment to identify synergies and potential opportunities, which ultimately strengthens Dubai’s position as a capital markets hub, in line with the leadership’s vision and the strategic plan to develop financial markets in Dubai.”
DFM plans to launch a new retail product derived from the Oman Crude Oil Futures, DME’s flagship contract that provides investors with a unique opportunity to access this significant asset class.
Mr. Al-Salami said that “It is our pleasure to be here today signing this collaboration agreement. We believe this partnership between DFM and DME highlights the regional strengths and innovative opportunities to be explored within Dubai. We are committed to providing the market with new investments solutions and supporting the growth of Dubai as a leading financial hub globally.”
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