dubai united arab emirates founded september 2005 2005 09 owner dubai financial market 66 % borse dubai 33 % key people abdul wahed al fahim chairman hamed ali ceo website www.nasdaqdubai.com nasdaq dubai is a dubai based stock exchange that lists regional and international shares in the middle east . through the exchange regional issuers can access regional and international investment . international issuers can access investment from the region through a primary or dual listing . the nasdaq dubai region includes the united arab emirates and the rest of the gulf cooperation council gcc the wider middle east and north africa turkey and the indian sub continent . the majority shareholder of nasdaq dubai is dfm which acquired two thirds of the shares in may 2010 from borse dubai and nasdaq omx group . borse dubai still owns one third of the shares . nasdaq dubai is located in the dubai international financial centre a financial free zone . the exchange is regulated by the dubai financial services authority . contents 1 history 2 listed securities 3 trading hours 4 the dubai international financial centre 5 the dubai financial services authority 6 see also 7 references 8 external links history edit the exchange launched on 26 september 2005 under the name dubai international financial exchange difx which initially listed equities and index products . in 2007 the exchange listed the largest ipo in the middle east when dp world raised usd 4.96 billion . in 2008 nasdaq omx acquired a one third stake in the difx and it rebranded to nasdaq dubai . the other two thirds was owned by borse dubai the holding company of nasdaq dubai and dubai financial market dfm . 1 in 2008 nasdaq dubai launched the first equity derivatives market in the united arab emirates . 2 in 2010 the exchange took a step towards creating a single regional liquidity pool by moving all its equities trading on to dfm s trading platform . the same year dfm acquired a two thirds stake in nasdaq dubai with borse dubai retaining a one third stake . in 2011 the exchange transferred its listing authority from its own control to that of the dubai financial services authority . in 2012 the dfsa reduced the minimum market capitalisation for companies to list to usd 10 million from usd 50 million previously . this change has opened the door to listings by small and medium sized enterprises including family owned businesses . 3 in 2013 the exchange launched a fixed income trading platform allowing investors to trade sukuk and conventional bonds on exchange . 4 in october 2013 the bank of london and the middle east blme listed its shares on the exchange . 5 in april 2014 emirates reit listed its shares following its ipo in the first listing of a real estate investment trust reit on an exchange in the gcc . emirates reit raised 201 million dollars and was 3.5 times oversubscribed . 6 in the same month the exchange launched an islamic financing murabaha platform . this offers an alternative to many traditional murabaha solutions which can carry a risk of losses through price movements spreads and poor liquidity as well as delays . 7 in june 2014 nasdaq dubai had 28 current sukuk listings with a total nominal value of usd 18.3 billion which made dubai nasdaq dubai plus dfm the third largest venue in the world for sukuk listings . 8 listed securities edit products listed on nasdaq dubai include ordinary shares listed by dp world . dp world is the largest ipo in the middle east and raised 4.96 billion . 9 it was 15x oversubscribed and is one of the most valued companies in the region . 10 in 2014 emirates reit carried out an ipo on the exchange becoming the first real estate investment trust to list in the gcc . 11 the exchange is the third largest in the world for listed sukuk by value and conventional bonds are also listed . equity derivatives can be traded . the exchange operates a murabaha platform for islamic financing . trading hours edit the trading hours of nasdaq dubai are from 10 00 am to 2 00 pm 06 00 am to 10 00 am gmt from sunday to thursday . 12 the dubai international financial centre edit nasdaq dubai is located in the dubai international financial centre difc a financial free zone which opened for business in 2004 . financial activities in the difc are governed to international standards by an independent regulator the dubai financial services authority . nasdaq dubai has a licence from the dfsa to operate an exchange . the president of the difc is sheikh mohammed bin rashid al maktoum the uae vice president prime minister and ruler of dubai . the dubai financial services authority edit nasdaq dubai is regulated by the dubai financial services authority this structure falls into a number of different categories rules which regulate the process which companies must follow if they wish to have their securities admitted to trading on the market operated by nasdaq dubai . 13 rules which regulate the obligations of companies after their securities have been admitted to trading e.g. continuous disclosure rules also covered by the issuers and securities rules rules which regulate the process which an entity must follow in order to become a member of nasdaq dubai . 14 rules which regulate the behaviour of members on the market operated by nasdaq dubai and the obligations which members owe to their clients also covered by the business rules . rules which regulate clearing and settlement procedures are covered by the nasdaq dubai business rules . see also edit abu dhabi securities exchange stock market for uae companies dubai financial market stock market also for uae companies list of stock exchanges stock exchanges around the world references edit http gulfnews.com business markets difx rebranded nasdaq dubai 1.144077 http www.thenational.ae lifestyle personal finance difx rebrands and launches derivative trading http 2012 . nasdaqdubai.com annual review 2012 business review http www.thenational.ae business industry insights markets nasdaq dubai chief in pole position on islamic finance http www.khaleejtimes.com biz inside.asp xfile data uaebusiness 2013 october uaebusiness october148.xml & section uaebusiness http www.reuters.com article 2014 04 06 us emirates reit ipo idusbrea3506l20140406 http www.reuters.com article 2014 04 02 emirates bourse islamicfunds idusl5n0mu0u520140402 http arabianindustry.com construction news 2014 apr 22 damac celebrates listing of 650 million sukuk on nasdaq dubai 4673253 . u6u 2vmsygo clifford chance advises on the largest ever ipo in the middle east clifford chance . ameinfo.com . retrieved 2011 08 09 . dp world nets 4.9 bn in region s biggest ipo money matters . livemint.com . 2007 11 21 . retrieved 2011 08 09 . http www.emeafinance.com emea finance news 2014 april emirates reit completes dubai ipo 2360 . shtml nasdaq dubai . nasdaq dubai . retrieved 2011 08 09 . admission and disclosure standards . nasdaq dubai . retrieved 30 october 2014 . business rules . nasdaq dubai . retrieved 30 october 2014 . external links edit official website dfsa dubai financial services authority market regulator difc dubai international financial centre difx dubai international financial x change retrieved from https en.wikipedia.org w index.php title nasdaq dubai & oldid 701751815 categories nasdaq2005 establishments in the united arab emirateseconomy of dubaiorganizations established in 2005stock exchanges in the middle eaststock exchanges in the united arab emirates navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable 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