Oman obtains 30% share in Dubai Mercantile Exchange
The Sultanate of Oman’s Ministry of Finance has reached an agreement to acquire a 30% equity stake in the Dubai Mercantile Exchange (DME), the Middle East’s first energy futures exchange.
Oman will join the exchange as a strategic partner and key stakeholder, joining the established partnership between Nymex and Tatweer, a member of Dubai Holding. Oman’s equity investment in the DME comes through the government backed Oman Investment Fund. The financial terms of the acquisition have not been disclosed, and are subject to approval from the Dubai Financial Services Authority.
“We are extremely pleased to welcome the Sultanate of Oman as equity partners in the DME, further enhancing
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