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

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

Saudi Tadawul is owned by the Public Investment Fund, Saudi Arabia's sovereign wealth fund
Saudi Tadawul is owned by the Public Investment Fund, Saudi Arabia's sovereign wealth fund Photo: Getty Images

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.

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