Micro Oman Crude Oil Contract Gives DFM Investors a New Asset Elegance Seamlessly for the First Time
Dubai: Dubai Financial Market (DFM) introduced Oman crude oil futures trading, giving investors an exclusive investment opportunity to invest in this key asset class.
The (Micro DME Oman Crude Oil) was presented in a market opening rite in the presence of Hamed Ali, CEO of DFM and Nasdaq Dubai and Raid Al-Salami, CEO of DME, as well as senior representatives of the new product launch partners such as marketplaceplace creators and advertising members.
DFM’s new monthly futures contract tracks the functionality of DME’s Oman crude oil futures, making them available to a large number of investors. It is traded in US dollars and settled in money according to its final price.
The contract allows investors to participate in the movement of oil costs in the Middle East and diversify their portfolios along with other DFM products. A diversified product portfolio improves threat control and leverages perspective rather than a lower investment amount, allowing investors to maximize investment duration. your wallet.
Commenting on this, Hamed Ali, CEO of DFM and Nasdaq Dubai, said: “The launch of Micro DME Oman Crude Oil Futures is a new cornerstone for DFM as it brings an all-new asset elegance to the market that enables our investors, in particular, to participate in the opportunities of one of the key economic sectors in the region. We would like to express our sincere thanks to DME for joining us in achieving this vital milestone that creates a solid foundation for further joint initiatives, which in The End strengthens Dubai’s position as a capital markets hub, in line with the leaders’ vision and strategy to expand money markets in Dubai.
Raid Al-Salami, CEO of DME, said: “The DME microcontract gives retail investors the opportunity to trade a Middle East crude oil futures contract for the first time in the region. DME will seek to enrich the local money market in order to strengthen the position of the emirate of Dubai as one of the world’s leading capital hubs.
The negotiation of new contracts is supported through 3 market makers, including; xCube, Al Ramz Capital and BHM Capital. Several DFM sales members will service the contract, including; International Securities, BHM Capital Financial Services, Al Ramz Capital, Mena Corp Financial Services, Al Dar Shares and Bonds, SICO Financial Brokerage, EFG Hermes (UAE) and Arqaam Securities.
The new contracts are also the first result of the collaboration agreement between DFM and DME to expand new investment opportunities and offer retail investors the opportunity to participate in the greatest and maximum elegance of applicable assets in the region.
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About Dubai’s money market:
Dubai Financial Market (DFM) established as a public establishment with its own independent legal entity. DFM aims to be a secondary market for trading securities issued through corporations, bonds issued through the federal government or one of the country’s local governments and public establishments. sets of investment funds and any other monetary instrument, local or foreign, that is accepted through the market. The DFM began operations on March 26, 2000 and has become the first Shariah-compliant Islamic inventory exchange in the world since 2007. Following its IPO in November 2006, when DFM submitted 1600 million inventories, representing 20% of its paid-up capital of AED 8 billion, DFM became a joint public inventory company and its inventories were indexed on March 7, 2007 with the industry symbol (DFM). Following the initial public offering, the Government of Dubai retained the remaining 80% of DFM Company through Borse Dubai Limited. www. dfm. ae
For more information, please contact: Atef Fathy Vice President – Head of Media and Public Relations Dubai Financial Market Email: afathy@dfm. ae
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