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Dubai bourse names 2 new directors after OMX buy

Sat Mar 1, 2008 1:03pm IST
 
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DUBAI, March 1 (Reuters) - The Dubai International Financial Exchange (DIFX), of which Nasdaq Stock Market Inc (NDAQ.O: Quote, Profile, Research) owns around a third, said on Saturday it had named two new board members after the completion of the OMX OMX.ST 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.

Ba'alawy and Borse Dubai Chairman Essa Kazim, who also serves on the DIFX board, have been appointed to the newly formed board of Nasdaq OMX, the exchange added. (Writing by Daliah Merzaban; Editing by Louise Heavens)

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