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Ahmed Bin Sulayem named Chairman of DGCX
- United Arab Emirates: Wednesday, October 31 - 2007 at 14:33
- PRESS RELEASE
Dubai Gold and Commodities Exchange (DGCX), the first international commodities derivatives exchange in the Middle East, announced today that Ahmed Bin Sulayem will take over as the new Chairman of the exchange with effect from November 1.
Colin Griffith, currently the Chairman of DGCX and Executive Director, Gold & Precious Metals, DMCC, will continue as a Director of DGCX.
In his initial comments, Ahmed Bin Sulayem said he was grateful to the board of directors for the confidence placed in him. "It is indeed gratifying to be appointed for this challenging role at the Exchange. Given the strong foundation laid by Colin Griffith and the team, I am confident that DGCX will continue to expand, launching new products and consolidating the gains made so far. I look forward to taking up the new responsibility," he added.
Ahmed Bin Sulayem has been on the board of DGCX since inception. In his capacity as the Executive Chairman of DMCC, he had spearheaded the success of DMCC in Dubai and the wider region.
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About DGCX: Dubai Gold and Commodities Exchange (DGCX) is a fully automated, online commodities exchange. Strategically located in Dubai, the exchange is the first international commodities derivatives marketplace in the time zone between Europe and the Far East.DGCX is an initiative of the Dubai Multi Commodities Centre (DMCC), Government of Dubai, the majority shareholder and Financial Technologies (India) Limited and Multi Commodity Exchange of India Limited (MCX).
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