The Dubai Financial Market has started trading equity futures contracts on individual stocks of the Dubai Electricity and Water Authority (Dewa) and Bahrain’s GFH Financial Group.
“The new launch brings the number of companies that the DFM provides futures’ contracts on their individual stocks to 12 listed companies with tenures of one, two and three months,” the bourse said on Monday.
Dewa, the first government entity to list on the DFM, operates as a vertically integrated multi-utility, with business activities including power generation, transmission and distribution, water desalination and district cooling.
It was listed in April this year after it raised Dh22.41 billion ($6bn) in an oversubscribed sale of shares that was the largest public float in the Middle East and Europe since Saudi Aramco went public in 2019.
GFH has more than $15bn of assets and funds under management including a global portfolio of investments in logistics, health care, education and technology in the Mena region, Europe and North America.
The emirate also plans to list 12.5 per cent of the Tecom Group, the operator of business districts that are home to more than 7,800 companies, on the DFM next month.
source: The National