Saudi Tadawul completed the acquisition of 32.6% stake in Dubai Mercantile Exchange.

Saudi Tadawul, a diversified capital markets group, completed the acquisition of 32.6% stake in Dubai Mercantile Exchange, a commodities exchange. Financial terms were not disclosed. "Our investment in DME Holdings Limited provides Saudi Tadawul Group with access to one of the most important asset classes globally for the first time, embedding commodities trading into the Middle East's largest capital markets group. With the option to increase our stake in the future, this investment will contribute to our ability to diversify the Group's revenues and opportunities and is firmly aligned with our growth strategy and ambitions as part of Vision 2030. We look forward to working together to unlock new growth opportunities, leveraging our proximity to key financial and production hubs to bridge demand from east and west," Eng. Khalid Al Hussan, Saudi Tadawul CEO.