Saudi Tadawul Group Acquires Major Stake in DME Holdings
Saudi Tadawul Group Holding has acquired a 32.6% stake in DME Holdings Limited, a leading international commodities exchange. This acquisition makes Saudi Tadawul Group a joint largest shareholder alongside CME Group, with other investors including the Oman Investment Authority and Dubai Holding. DME, soon to be rebranded as Gulf Mercantile Exchange (GME), aims to meet the rising demand in energy, metals, and agricultural markets while supporting the global shift towards sustainability through new derivatives contracts. Saudi Tadawul Group stated that the investment will enhance GME’s growth as a regional commodities leader and leverage the Middle East’s strategic position between key …
