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DUBAI / WAM
Nasdaq Dubai has added NBAD (now known as First Abu Dhabi Bank), Dubai Financial Market (DFM) and Dubai Investments (DIC) to its equity futures market, raising the number of leading UAE companies on which futures can be traded to 12. Market making services on futures contracts on the three additional companies are provided by SHUAA Capital, which has been market making on all futures since the market opened on September 1, 2016.
NBAD, DFM and DIC were added to the market on April 2nd, 2017. NBAD is the largest banking entity in the UAE following its merger with First Gulf Bank. Hamed Ali, Chief Executive of Nasdaq Dubai, said, “The addition of three more prominent UAE companies, whose equities are widely traded, adds further depth and breadth to our futures market as a growing range of investors make use of the opportunities it provides for hedging and investment.â€