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Saudi Tadawul Group will acquire a mix of new and existing shares to become joint largest shareholder

Trading Correspondent

The Saudi Exchange’s parent company Saudi Tadawul Group is taking a significant stake in the CME’s Middle East commodities exchange.

Through a mixture of new and existing shares, Saudi Tadawul will become the joint largest shareholder in the Dubai Mercantile Exchange alongside CME. As part of the partnership the DME is being renamed to the Gulf Mercantile Exchange.

Saudi Exchange buys a third of CME’s Dubai Mercantile Exchange

Jeremy Chan

JPMorgan

Commodities and Futures

Middle East

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