NASDAQ Dubai, the Middle East's international exchange, today announced that it has appointed Hamed Ahmed Ali as Chief Executive Officer, in order to strengthen its strategy of growth and innovation.
The appointment follows Mr. Ali's success in developing the exchange in the role of Acting Chief Executive Officer since August 2012. Activities at NASDAQ Dubai in 2013 include listing a number of Sukuk and conventional bonds and preparing innovative plans for further expansion in addition to listing of equities.
Abdul Wahed Al Fahim, Chairman of NASDAQ Dubai, said: "Hamed Ahmed Ali's record of achievement positions the exchange to grow further and offer new advantages to issuers and investors. The expansion and strengthening of Dubai's economy, combined with MSCI's upgrade of the UAE to Emerging Market status last month, are positive indicators for the future of the country's capital markets.
"With Hamed Ahmed Ali as Chief Executive Officer, NASDAQ Dubai will continue to playing a leading role in the development of the financial markets."
Mr. Ali said: "I greatly appreciate the support of NASDAQ Dubai's Board of Directors in making this appointment as well as the professionalism and commitment shown by the NASDAQ Dubai team. As the exchange expands, it looks forward to welcoming a variety of new listings including initial public offerings (IPOs) and further Sukuk and conventional bonds."
"NASDAQ Dubai will pursue its mandate to innovate by creating new markets that will provide exciting investment and risk management tools to regional and international investors."