RIYADH: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy ruler of Dubai, and head of the Securities and Exchange Higher Committee announced the appointment of the new board of directors of the Dubai Financial Market (DFM), chaired by Helal Saeed Al Marri, WAM reported.

The announcement came one day after he unveiled plans to list utility DEWA in what is likely to be the city’s biggest share sale and one of 10 planned over the coming months.

Sheikh Maktoum directed the new board of directors to develop plans and strategies to achieve the vision of Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and the ruler of Dubai, to spur growth and double the size of Dubai’s financial markets to 3 trillion dirhams in the coming period.