Dubai Financial Market PJSC

The Micro DME Oman Crude Oil Futures contract set to expire in March 2024 has been issued on 24th January 2024. The expiry settlement price for this contract is set at 79.60 USD. The contract series code is OMOIL H24 and the contract ID is OIL240124 001. This information is available on the Dubai Financial Market website. However, this information is subject to change and should be cross-verified with the Dubai Financial Market Regulated Derivative Contract Trading Regulation.

The new contract series for Micro DME Oman Crude Oil Futures - March 2025 will be available for trading from 25 January 2024. The contract, with ID OIL240125001 and series code OMOIL H25, will be listed on the Dubai Financial Market, with the listing date set for 25 January 2024 and de-listing date on 24 January 2025. The information is subject to change and is not a substitute for the Dubai Financial Market Regulated Derivative Contract Trading Regulation.

Al Sagr National Insurance Company has announced the opening of nominations for membership of its Board of Directors, with the nomination period running from 22/01/2024 to 31/01/2024. Interested shareholders who meet the conditions of nomination can apply for either Executive Director, Non-Executive Director, or Independent Director positions. The board plans to elect three members. The nomination process adheres to the requirements of Article 9 of the SCA Board of Directors Decision No. 3/CH of 2020 and Federal Law No. 32 of 2021. After the nomination period closes, the company will publish a list of candidates and provide it to the Securities and Commodities Authority. The company also commits to reserve 20% of board seats for women.

The Dubai Financial Market has released the expiry settlement prices for Equity Futures Contracts due in January 2024. The contracts include AIRARB F24, ANSRIF24, ARMX F24, DEWA F24, DEYAAR F24, DFM F24, DFMGIF24, DIBF24, DICF24, DUF24, EMAAR F24, EMPWR F24, EMRDEV F24, ENBD F24, GFHF24, SALIK F24, and SHUAA F24. The prices range from 0.227 AED to 4,053.00 AED. The announcement is available on the Dubai Financial Market website.

Nasdaq Dubai has listed a $600 million green bond by the China Construction Bank (DIFC Branch). This takes the total value of bonds listed on Nasdaq Dubai by the bank's Hong Kong and Dubai branches to $2.45 billion. The total value of outstanding debt from Chinese issuers on Nasdaq Dubai now stands at $11.95 billion. The listing also increases Nasdaq Dubai's total value of ESG issuances to $27.05 billion and total listed debt to $128.66 billion. The green bond issuance is aimed at combating climate change and reflects China Construction Bank's commitment to sustainable financing. The listing was marked by a bell-ringing ceremony attended by H.E Li Xuhang, Consul-General of the People’s Republic of China in Dubai, and Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market.