Ringing of the opening bell at Nasdaq Dubai

At the invitation of Dalma Capital I had the fun experience of attending the ringing of the opening bell (…more like a ‘dong’) for Manrre at Nasdaq Dubai. At the same time I learned a lot about the exchange.

Some key highlights:

Nasdaq Dubai is the international financial exchange in the Middle East. The exchange is located in the Dubai International Financial Centre (DIFC), which has an independent commercial legal system based on English law.

The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. Effectively government owned.

Nasdaq is one of three stock exchanges in the UAE. Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) list mostly UAE companies. NASDAQ Dubai was set up to trade international stocks.

DFM and ADX are both governed and regulated by the Securities and Commodities Authority (SCA). The Nasdaq Dubai exchange is regulated by the Dubai Financial Services Authority (DFSA), which operates to the highest international standards, equivalent to the SEC in the US.

Read more on listing on Nasdaq Dubai: https://www.nasdaqdubai.com/listing/why-list-with-us

You can also download Nasdaq Dubai IPO Guide: https://www.nasdaqdubai.com/assets/docs/exchange/Nasdaq-Dubai-IPO-Guide.pdf