Dubai International Financial Centre (DIFC), which owns Dubai's international exchange, said yesterday that it is keen to take a stake in an Asian stock exchange as global exchanges merge.
Omar bin Sulaiman, governor of the emirate's financial services investment zone, said that two Asian investors have approached the DIFC to take a stake in the Dubai International Financial Exchange (DIFX) which was formed in 2005.
"There are two parties from Asia," said Sulaiman, who was in Singapore for a conference. "But we have not gotten into negotiations yet," he added, declining to give details of the parties concerned.
Sulaiman said in March that DIFC had been approached by around six parties interested in taking a stake in the DIFX.
"All of a sudden, within the past two months, it has become very serious. More global parties have approached us, which made us seriously consider" the offers, Sulaiman said yesterday.
"Because of the seriousness of the parties and the consolidation of the markets that is happening globally, maybe it is time to look at it."
DIFC Investments bought a 3.48 per cent stake in European stock market operator Euronext last year.
Sulaiman said DIFC is now focusing on Asia, and wants to attract Chinese companies to list on DIFX.
"We are looking to bridge the liquidity in the Middle East with the Chinese companies, and at the same time, give them a platform to penetrate into the region," said Sulaiman. Source
Omar bin Sulaiman, governor of the emirate's financial services investment zone, said that two Asian investors have approached the DIFC to take a stake in the Dubai International Financial Exchange (DIFX) which was formed in 2005.
"There are two parties from Asia," said Sulaiman, who was in Singapore for a conference. "But we have not gotten into negotiations yet," he added, declining to give details of the parties concerned.
Sulaiman said in March that DIFC had been approached by around six parties interested in taking a stake in the DIFX.
"All of a sudden, within the past two months, it has become very serious. More global parties have approached us, which made us seriously consider" the offers, Sulaiman said yesterday.
"Because of the seriousness of the parties and the consolidation of the markets that is happening globally, maybe it is time to look at it."
DIFC Investments bought a 3.48 per cent stake in European stock market operator Euronext last year.
Sulaiman said DIFC is now focusing on Asia, and wants to attract Chinese companies to list on DIFX.
"We are looking to bridge the liquidity in the Middle East with the Chinese companies, and at the same time, give them a platform to penetrate into the region," said Sulaiman. Source
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