Nasdaq Dubai is a Dubai-based stock exchange that lists regional and international shares in the Middle East.
The NASDAQ Dubai region includes the United Arab Emirates and the rest of the Gulf Cooperation Council (GCC), the wider Middle East and North Africa, Turkey and the Indian sub-continent.
In 2007, the exchange listed the largest IPO in the Middle East, when DP World raised US$4.96 billion.
This change has opened the door to listings by small and medium-sized enterprises, including family owned businesses.
[4] In October 2013, the Bank of London and The Middle East (BLME) listed its shares on the exchange.
This offers an alternative to many traditional Murabaha solutions, which can carry a risk of losses through price movements, spreads and poor liquidity as well as delays.
[11] In 2014, Emirates REIT carried out an IPO on the exchange, becoming the first Real Estate Investment Trust to list in the GCC.