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15 July 2024

Two new DIFX directors after OMX buy

By Agencies

The Dubai International Financial Exchange (DIFX), of which Nasdaq Stock Market owns around a third, said on Saturday it had named two new board members after the completion of the OMX acquisition.
Borse Dubai, the parent company of the DIFX, and Nasdaq concluded a $4.9 billion (Dh16.9bn) deal last month to buy the Nordic and Baltic stock exchange operator, forming a new company called Nasdaq OMX Group.
Robert Greifeld, chief executive of Nasdaq OMX Group, will join the DIFX board as vice-chairman, the Dubai-based stock exchange said in a statement. It also said Adena Friedman, executive vice-president of corporate strategy at Nasdaq OMX, would join the board.
Other members of the 11-member board include Borse Dubai deputy chairman Soud Ba'alawy, DIFX Chief Executive Per Larsson and Maha Al Ghunaim, managing director of Kuwaiti investment bank Global Investment House.
Ba'alawy and Borse Dubai Chairman Essa Kazim, who also serves on the DIFX board, have been appointed to the newly formed board of Nasdaq OMX, the exchange added. (Reuters)