DIFX becomes Nasdaq Dubai

19 November 2008

Middle East market the Dubai International Financial Exchange (DIFX) has become Nasdaq Dubai in a rebranding that will see Nasdaq shares listed on the market, it has been confirmed.

Companies currently listed on the New York-based Nasdaq exchange will be able to trade on the former DIFX from the start of business on November 20th.

On the same day, Nasdaq OMX and Nasdaq Dubai will host an investor conference in the emirate in order to bring together Nasdaq-listed firms and potential backers from the region.

In addition, that day's opening bell ceremony for the Nasdaq stock market will be broadcast live from Nasdaq Dubai's base at the Dubai International Financial Centre.

Nasdaq OMX chief executive and Nasdaq Dubai vice-chairman, Bob Greifeld, said: "Nasdaq Dubai provides a first-class venue through which Nasdaq OMX listed companies can reach new investors in the Gulf and the Middle East."

As the largest exchange group in the world, Nasdaq OMX owns 60 different markets in more than 50 countries. Together, they list some 3,900 firms with a combined market value of around $5.3 trillion.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development