Saudi Tadawul Group Holding Company (STG) has entered into a binding agreement with existing shareholders of DME Holdings Limited to acquire a 32.6% stake in the Dubai Mercantile Exchange (DME).

Saudi Tadawul Group is set to become a major shareholder in DME Holdings Limited, joining forces with CME Group. DME will be rebranded as the Gulf Mercantile Exchange to reflect its position as the key regional commodities exchange in the Middle East with global relevance. Other stakeholders in this venture include the Oman Investment Authority, Dubai Holding, and prominent figures from the global financial and commercial sectors. This collaboration is strategically designed to capitalize on the Middle East's geographic proximity to key commodity production centers and end markets. The partnership aims to meet the demand in energy, metals, and agricultural commodity markets, aligning with the global shift towards a sustainable economy. Post Saudi Tadawul Group's investment, DME will continue its operations in the Dubai International Financial Centre (DIFC) under the regulation of the Dubai Financial Services Authority. CME Group will persist in providing its advanced CME Globex trading technology and clearing services to the Gulf Mercantile Exchange. The Commodity Futures Trading Commission's oversight of CME Clearing's operations to ensure transaction integrity on the DME and risk mitigation for traders will remain unaffected.