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March 02, 2008 Sunday Safar 23, 1429





Dubai bourse names 2 new directors


DUBAI, March 1: The Dubai International Financial Exchange (DIFX), of which Nasdaq Stock Market Inc downs around a third, said on Saturday it had named two new board members after the completion of the OMX acquisition.

Borse Dubai, the parent company of the DIFX, and Nasdaq concluded a $4.9 billion deal last month to buy the Nordic and Baltic stock exchange operator, forming a new company called Nasdaq OMX Group Inc.

Robert Greifeld, chief executive of Nasdaq OMX Group, will join the DIFX board as vice-chairman, the Dubai-based stock exchange said in a statement. It also said Adena Friedman, executive vice-president of corporate strategy at Nasdaq OMX, would join the board.

Other members of the 11-member board include Borse Dubai deputy chairman Soud Ba’alawy, DIFX Chief Executive Per Larsson and Maha al-Ghunaim, managing director of Kuwaiti investment bank Global Investment House.—Reuters






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