{"id":82066,"date":"2024-01-21T00:00:00","date_gmt":"2024-01-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/"},"modified":"2024-01-21T00:00:00","modified_gmt":"2024-01-21T00:00:00","slug":"tadawul-takes-32-stake-in-dubai-mercantile-exchange","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/","title":{"rendered":"Tadawul takes >32% stake in Dubai Mercantile Exchange"},"content":{"rendered":"

Saudi Tadawul Group <\/strong>(STG) is acquiring a 32.6% stake in Dubai Mercantile Exchange <\/strong>(DME)<\/strong> for USD 28.5 mn, according to a press release<\/a>. The acquisition will see STG acquiring the strategic stake in DME\u2019s parent company, DME Holdings Limited, making it the company\u2019s largest shareholder, along with financial services company CME Group, Reuters<\/a> reports. Other DME Holdings Limited shareholders include Oman Investment Authority and Dubai Holding. The agreement gives STG the option to buy more shares in the future. <\/p>\n

A regional rebrand: <\/strong>Saudi Tadawul will rebrand the DME as the Gulf Mercantile Exchange, which the company says is meant to emphasize the exchange\u2019s regional and global significance. <\/p>\n

The fine print: <\/strong>The Gulf Mercantile Exchange will continue to operate out of the Dubai International Finance Center and be regulated by the Dubai Financial Services Authority. CME Group will continue to provide the exchange\u2019s technology and clearing services. <\/p>\n

Keeping the DME Oman contract out of it:<\/strong> The agreement stipulates that no changes will occur to any aspect of DME Oman contract and that \u201cno Saudi Arabian crude oil contract will be traded, sold or bought on, or indexed to, nor will Saudi crude be delivered against, the DME Oman contract via DME\u201d to maintain neutrality and price discovery.<\/p>\n

What is the DME Oman contract? <\/strong>DME hosts the DME Oman contract, the world's largest physically delivered crude oil generator. This contract ranks as the third most important global benchmark for crude oil and is used by five national oil companies in GCC countries.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition will make STG the largest shareholder in DME Holdings<\/p>\n","protected":false},"author":1,"featured_media":82067,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2575],"tags":[247,246,10,245,14,244],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-cme-group","tag-dme-holdings-limited","tag-enterpriseam-ksa","tag-gulf-mercantile-exchange","tag-ma-watch","tag-saudi-tadawul-group","wpautop","entry"],"acf":{"mongo_id":"25ee98c1-6444-409c-a183-4764e24ae11d","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1602.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi Tadawul Group acquires strategic stake in Dubai Mercantile Exchange, rebrands to Gulf Mercantile Exchange","related_issue":[82060],"teaser":"The acquisition will make STG the largest shareholder in DME Holdings","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.9c56a660-e3c8-4e4c-85cd-86cf15ae8336.mp3"},"yoast_head":"\nTadawul takes >32% stake in Dubai Mercantile Exchange - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tadawul takes >32% stake in Dubai Mercantile Exchange\" \/>\n<meta property=\"og:description\" content=\"The acquisition will make STG the largest shareholder in DME Holdings\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Tadawul takes >32% stake in Dubai Mercantile Exchange\",\"datePublished\":\"2024-01-21T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/\"},\"wordCount\":260,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=%2C&ssl=1\",\"keywords\":[\"CME Group\",\"DME Holdings Limited\",\"EnterpriseAM KSA\",\"Gulf Mercantile Exchange\",\"M&A WATCH\",\"Saudi Tadawul Group\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/\",\"name\":\"Tadawul takes >32% stake in Dubai Mercantile Exchange - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-01-21T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tadawul takes >32% stake in Dubai Mercantile Exchange\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tadawul takes >32% stake in Dubai Mercantile Exchange - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/","og_locale":"en_US","og_type":"article","og_title":"Tadawul takes >32% stake in Dubai Mercantile Exchange","og_description":"The acquisition will make STG the largest shareholder in DME Holdings","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/","og_site_name":"KSA","article_published_time":"2024-01-21T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Tadawul takes >32% stake in Dubai Mercantile Exchange","datePublished":"2024-01-21T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/"},"wordCount":260,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=%2C&ssl=1","keywords":["CME Group","DME Holdings Limited","EnterpriseAM KSA","Gulf Mercantile Exchange","M&A WATCH","Saudi Tadawul Group"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/","name":"Tadawul takes >32% stake in Dubai Mercantile Exchange - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=%2C&ssl=1","datePublished":"2024-01-21T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/tadawul-takes-32-stake-in-dubai-mercantile-exchange\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Tadawul takes >32% stake in Dubai Mercantile Exchange"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/82066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=82066"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/82066\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/82060"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/82067"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=82066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=82066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=82066"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=82066"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=82066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}