Borse Dubai Files Nasdaq Stake Update
Ticker: NDAQ · Form: SC 13D/A · Filed: 2024-03-22T00:00:00.000Z
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: NDAQ
TL;DR
Borse Dubai updated its Nasdaq stake filing, new names added to reporting. Watch for potential shifts.
AI Summary
On March 22, 2024, Borse Dubai LTD, through its affiliate Investment Corp of Dubai, filed an amendment to its Schedule 13D regarding its holdings in Nasdaq, Inc. The filing indicates a change in the reporting person, with Khalifa Al Daboos and Essa Kaz now listed as individuals associated with the filing, alongside the corporate entities.
Why It Matters
This filing updates the ownership structure and reporting individuals for a significant stake in Nasdaq, Inc., which could signal changes in investment strategy or governance.
Risk Assessment
Risk Level: medium — Changes in reporting entities for a significant stake can sometimes precede strategic moves or shifts in influence.
Key Players & Entities
- Borse Dubai LTD (company) — Reporting person
- Nasdaq, Inc. (company) — Issuer of securities
- Investment Corp of Dubai (company) — Affiliate of reporting person
- Khalifa Al Daboos (person) — Individual associated with filing
- Essa Kaz (person) — Individual associated with filing
FAQ
What is the specific percentage of Nasdaq, Inc. shares held by Borse Dubai LTD?
The filing does not explicitly state the exact percentage of shares held, but it is an amendment to a Schedule 13D, indicating a significant beneficial ownership.
When was the previous filing for this Schedule 13D made?
The filing is an Amendment No. 5, implying there were four previous filings, but the dates of these are not provided in this excerpt.
What is the primary business of Nasdaq, Inc.?
Nasdaq, Inc. operates in the Security & Commodity Brokers, Dealers, Exchanges & Services industry.
Who are the new individuals listed in this amendment?
Khalifa Al Daboos and Essa Kaz are listed as individuals associated with the filing.
What is the business address of Borse Dubai LTD?
The business address of Borse Dubai LTD is Level 7, Precinct Bldg 5, Gate District, P.O. Box 506690, Dubai Intl Financial Ctr, Dubai, C0, 00000.
From the Filing
0001140361-24-014825.txt : 20240322 0001140361-24-014825.hdr.sgml : 20240322 20240322164700 ACCESSION NUMBER: 0001140361-24-014825 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240322 DATE AS OF CHANGE: 20240322 GROUP MEMBERS: INVESTMENT CORP OF DUBAI SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NASDAQ, INC. CENTRAL INDEX KEY: 0001120193 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] ORGANIZATION NAME: 02 Finance IRS NUMBER: 521165937 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78034 FILM NUMBER: 24775909 BUSINESS ADDRESS: STREET 1: 151 W. 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 1 212 401 8700 MAIL ADDRESS: STREET 1: 151 W. 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: NASDAQ OMX GROUP, INC. DATE OF NAME CHANGE: 20080227 FORMER COMPANY: FORMER CONFORMED NAME: NASDAQ STOCK MARKET INC DATE OF NAME CHANGE: 20010423 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Borse Dubai LTD CENTRAL INDEX KEY: 0001429059 ORGANIZATION NAME: IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: LEVEL 7, PRECINCT BLDG 5, GATE DISTRICT STREET 2: PO BOX 506690, DUBAI INTL FINANCIAL CTR CITY: DUBAI STATE: C0 ZIP: 00000 BUSINESS PHONE: 971 4 305 5200 MAIL ADDRESS: STREET 1: LEVEL 7, PRECINCT BLDG 5, GATE DISTRICT STREET 2: PO BOX 506690, DUBAI INTL FINANCIAL CTR CITY: DUBAI STATE: C0 ZIP: 00000 SC 13D/A 1 ef20024851_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 5)* Nasdaq, Inc. (Name of issuer) Common Stock, $0.01 par value per share (Title of class of securities) 631103108 (CUSIP number) Khalifa Al Daboos Investment Corporation of Dubai P.O. Box 333888 Dubai, United Arab Emirates +971 4 707 1333 Essa Kazim Borse Dubai Limited P.O. Box 506690 Level 8, The Exchange Dubai International Financial Centre Dubai, United Arab Emirates +971 4 362 2210 (Name, address and telephone number of person authorized to receive notices and communications) March 22, 2024 (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐ * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 631103108 1 NAMES OF REPORTING PERSONS     Investment Corporation of Dubai         2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒   (b) ☐     3 SEC USE ONLY               4 SOURCE OF FUNDS (SEE INSTRUCTIONS)     Not Applicable         5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)   ☐           6 CITIZENSHIP OR PLACE OF ORGANIZATION     Dubai, United Arab Emirates         NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER     0 (1)         8 SHARED VOTING POWER