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Dubai Gold and Commodities Exchange (DGCX), the first international commodities derivatives exchange in the Middle East, announced that Ahmed Bin Sulayem will take over as the new Chairman of the exchange with effect from November 1.
The appointment of Ahmed Bin Sulayem will add momentum to the strategic growth plans of DGCX, which has witnessed remarkable growth right from its inception, both in terms of volumes traded as well as total revenue. Ahmed Bin Sulayem is currently Executive Chairman, Dubai Multi Commodities Centre (DMCC) and Director of DGCX.
Colin Griffith, the former 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.
