Dubai Stock Exchange Intends to Sell Portion of Nasdaq Stake for Approximately .6 Billion

A Dubai sovereign wealth fund, Borse Dubai, has revealed plans to sell a third of its shares in the Nasdaq stock index. This move, potentially valued at .6 billion, caused the firm’s value to drop in aftermarket trading on Wednesday. Borse Dubai, which is owned by the Investment Corp. of Dubai and is a major shareholder in the Nasdaq, aims to become the second-largest holder in the exchange. The decision to sell shares is expected to enhance liquidity, although specific plans for utilizing the cash have not been disclosed. This development underscores the ongoing changes in the financial landscape and the strategic moves being made by investment entities.

To join the conversation and stay informed, KTVZ NewsChannel 21 encourages respectful and relevant comments. For more information on Community Guidelines, please visit their website. If you have a story idea to share, you can submit it on their platform. Stay connected and engaged with the latest news and developments.