Dubai Mercantile Exchange (DME) has announced that it will officially change its name to Gulf Mercantile Exchange (GME) effective September 2, 2024.
This strategic rebranding follows the recent addition of Saudi Tadawul Group (STG) as a new strategic shareholder, marking a significant milestone in the Exchange’s growth and regional yet global expansion.
The new brand, Gulf Mercantile Exchange, better reflects the Exchange’s broadened vision and commitment to serving the entire Gulf region’s energy and commodities markets. This rebranding aligns with the company’s mission to enhance market access and provide diverse trading opportunities for customers around the globe.
Raid Al-Salami, Managing Director of Dubai Mercantile Exchange, said that, “We are excited to announce our new name, Gulf Mercantile Exchange, which signifies our dedication to broadening our reach and impact across the Gulf region. The addition of Saudi Tadawul Group as a strategic shareholder strengthens our position and supports our vision for future growth and innovation.”
Dubai Mercantile Exchange
Dubai Mercantile Exchange (DME) is the premier energy-focused commodities exchange east of the Suez and home to the world’s third crude benchmark.
DME Holdings Limited is a joint venture between Dubai Holding, Oman Investment Authority and CME Group, and the parent company of DME. In addition to its core shareholders, global financial institutions, and energy trading firms such as Goldman Sachs, J.P. Morgan, Morgan Stanley, Shell, Vitol, and Concord Energy have taken equity stakes in DME Holdings Limited, providing the exchange with a resounding vote of confidence by major players in global energy markets.
