Dubai's Borse Dubai plans to sell 1/3 of its Nasdaq shares for $1.6bn, reducing ownership from 15.5% to 10.8%.
Dubai's sovereign wealth fund, Borse Dubai, plans to sell a third of its shares in the Nasdaq stock exchange for potentially $1.6 billion, reducing its ownership stake in the Nasdaq from 15.5% to 10.8%. The move aims to enhance the capital structure and liquidity within the Borse Dubai Group. After the sale, Borse Dubai will retain around 10.8% of shares in the Nasdaq, making it the second-largest shareholder.
March 19, 2024
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