Dubai, Abu Dhabi stock markets to merge? DFM issues further clarification | ZAWYA MENA Edition:
The Dubai Financial Market (DFM) has fully doused speculations that it is merging with the stock market in Abu Dhabi.
Reuters recently reported that Dubai is in talks with Abu Dhabi for support from the state fund Mubadala. One of the areas where this can be done “in the near term” is through a merger of DFM and Abu Dhabi Securities Exchange (ADX), a source was quoted as saying.
The Dubai Media office immediately dismissed the report, citing that the claim was not verified by a credible source.
However, DFM today said in a statement that it does not have any knowledge regarding the matter that requires public disclosure.
“Regarding a potential merger of the financial markets in the UAE mentioned in the report, please note that the company has no information that requires disclosure and confirm its full commitment to the disclosure and transparency regulations,” the DFM said.
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