NASDAQ OMX Group to List Its Shares On Dubai's International Exchange

NASDAQ OMX Group, the world's largest exchange company, will list its shares on NASDAQ Dubai on November 20th. Also, The Dubai International Financial Exchange has rebranded its market as NASDAQ Dubai. Both moves reflect the growing links between NASDAQ OMX Group and NASDAQ Dubai, as well as the growth of Dubai as an international financial centre.

"As the international stock exchange serving this region, NASDAQ Dubai acts as a capital markets gateway for investors all over the world, including and especially in this region. NASDAQ Dubai's growing ties to NASDAQ OMX exchanges in the U.S. and Europe in listings, marketing, technology, and management expertise will support its continuing expansion," said Soud Ba'alawy, Chairman of NASDAQ Dubai and a director of NASDAQ OMX Group, in a press release.

NASDAQ Dubai has attracted listings from around the world and from within its own region and built a world class exchange infrastructure. Jeff Singer, chief executive of NASDAQ Dubai, said in the release, "NASDAQ Dubai is taking active steps to further develop its market including extending its opening hours, opening on Sundays, and allowing listings in UAE Dirhams. We will continue to develop new asset classes as well as seek further primary and secondary equity listings."

"NASDAQ Dubai provides a first-class venue through which NASDAQ OMX listed companies can reach new investors in the Gulf and the Middle East. We've attracted 29 companies to our first Middle East investor conference here in Dubai and there is clear and tangible interest in this market. At the same time, we can provide local investors with opportunities to invest in innovative, growth-oriented companies," said Bob Greifeld, chief executive of NASDAQ OMX Group and vice Chairman of NASDAQ Dubai. "To facilitate dual listings on NASDAQ Dubai, we have created a streamlined listing process for companies looking to have a secondary listing here," Greifeld added.