The regulator of the UAE capital markets will support the merger of the Abu Dhabi Securities Exchange and the Dubai Financial Market, Abdullah Al Turaifi, chief executive of the Securities and Commodities Authority (SCA) said here yesterday.
He said executives of the two bourses had been meeting about their planned merger with the country's regulator waiting to hear back from them about where their talks stand.
"We are waiting for their reply, both markets," said Al Turaifi. "They have different companies, different boards, different strategies. If they think it is good for the UAE, or good for them as companies, we will support it."
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