About DGCX
Dubai has historically been an international hub for the physical trade of not only gold, but also many other commodities and so the establishment of the Dubai Gold & Commodities Exchange (DGCX) was the next logical step for the region and the local economy. DGCX commenced trading in November 2005 as the regions first commodity derivatives exchange and has become today, the leading derivatives exchange in the Middle East.
DGCX is a subsidiary of Dubai Multi Commodities Centre (DMCC), a strategic initiative of the Government of Dubai, with a mandate to enhance commodity trade flows through the Emirate by providing the appropriate physical, market, financial infrastructure and services required. The Management team of DGCX comprises senior personnel from the commodities, securities and financial services industries bringing a wealth of experience and expertise to ensure the success of DGCX.
DGCX's range of futures contracts offers participants of the physical commodities markets, such as producers, manufacturers and end users, with a sophisticated means of hedging their price risk exposure. Such price risk management has previously been unavailable to producers in the Middle East. In addition, DGCX offers trading opportunities to financial communities and investment houses in both the Middle East and around the globe who wish to access the growing asset class of commodity and currency derivatives.
The DGCX owns and operates the region's largest and only multi-asset Clearing House - DGCX Clearing. It is recognised as a licensed Central Clearing-Counterparty (CCP) by SCA, and a 'Recognized Clearing House' (RCH) by the Monetary Authority of Singapore (MAS).
Awarded the Exchange of the Year 2022 and Clearing House of the Year 2022 at the Global Investor MENA Awards.
Board of Directors
Ahmed Bin Sulayem
Chairman
Ahmed Bin Sulayem has been on the board of directors of DGCX since inception, and took charge as the new DGCX chairman on November 2007. The appointment of Ahmed Bin Sulayem adds 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.
As the Executive Chairman and Chief Executive Officer of DMCC, he has spearheaded the success of DMCC in Dubai’s commodity market. Prior to joining DMCC in 2002, Ahmed was a director in ASTECO, one of the largest property management companies in Dubai.
Feryal Ahmadi
Director
In her position as Chief Operating Officer for the DMCC, Feryal Ahmadi oversees the company’s corporate governance and sustainability initiatives and drives its vision to remain the authority on international commodities trade and enterprise.
Feryal is also responsible for DMCC’s ‘Smart District’ strategy and leads all corporate divisions including Human Resources, Information Technology, Marketing and Communications, Procurement, Legal and Compliance.
Presiding over a successful transformation project in 2013 that significantly enhanced DMCC operations and its customer journey experience, Feryal leads the wider operational team tasked with growing the world’s leading free zone. Through long-term strategic planning and continuous strive for innovation and excellence, she has been one of the fundamental pillars behind DMCC achieving its international status and recognition today.
In addition, Feryal serves as an official spokesperson for DMCC in national and international media, continuously working to strengthen and increase the organization’s global positioning.
Feryal earned an Executive MBA from Harvard University and a Bachelor of Science degree in Computer Science from the American University in Sharjah.
Ahmed Bin Sulayem, Chairman
Ahmed Bin Sulayem has been on the board of directors of DGCX since inception, and took charge as the new DGCX chairman on November 2007. The appointment of Ahmed Bin Sulayem adds 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.
As the Executive Chairman and Chief Executive Officer of DMCC, he has spearheaded the success of DMCC in Dubai’s commodity market. Prior to joining DMCC in 2002, Ahmed was a director in ASTECO, one of the largest property management companies in Dubai.
Feryal Ahmadi, Director
In her position as Chief Operating Officer for the DMCC, Feryal Ahmadi oversees the company’s corporate governance and sustainability initiatives and drives its vision to remain the authority on international commodities trade and enterprise.
Feryal is also responsible for DMCC’s ‘Smart District’ strategy and leads all corporate divisions including Human Resources, Information Technology, Marketing and Communications, Procurement, Legal and Compliance.
Presiding over a successful transformation project in 2013 that significantly enhanced DMCC operations and its customer journey experience, Feryal leads the wider operational team tasked with growing the world’s leading free zone. Through long-term strategic planning and continuous strive for innovation and excellence, she has been one of the fundamental pillars behind DMCC achieving its international status and recognition today.
In addition, Feryal serves as an official spokesperson for DMCC in national and international media, continuously working to strengthen and increase the organization’s global positioning.
Feryal earned an Executive MBA from Harvard University and a Bachelor of Science degree in Computer Science from the American University in Sharjah.
Jignesh Sanghvi
Director
Jignesh Sanghvi, DMCC’s Chief Financial Officer joined the organisation over 10 years ago as a business analyst.
Since then Jignesh has been instrumental in transforming the organisation – whether it meant successfully navigating through choppy waters during the global recession – or more recently digitalising the business to ensure DMCC’s employees and customers can operate as efficiently as possible.
With over 14 years of industry experience Jignesh is responsible for financial strategy and corporate governance, with a core objective to cement DMCC’s position as the global hub for commodities trade and enterprise. Strategic planning, strong financial leadership combined with maintaining the highest level of corporate governance are key drivers to succeed in this field.
Graduating with a bachelor’s degree in commerce from Gujarat University, Jignesh is a registered chartered accountant in India, United Kingdom and the United Arab Emirates. He also received his postgraduate diploma in business administration with a specialisation in finance from Symbiosis Pune in 2007.
The award-winning CFO also took on the role of Company Secretary on DMCC’s Advisory Committee in 2015.
Tariq Bin Hendi
Independent Director
Tariq Bin Hendi was most recently an Executive Vice President and the Head of Wealth Products & Advisory at Emirates NBD Group, having formerly served as the CEO of Emirates NBD Asset Management. He has almost two decades of experience, primarily focused on asset management, private equity and investment banking. Prior to his current role, Tariq held various roles at Commercial Bank of Dubai, Mubadala, Citigroup, Dubai Holding, Delta Airlines and UPS. He is currently a board member of the publicly listed entities ENBD REIT (NASDAQ) and AXA Green Crescent (ADX), having previously served on the Board of Aramex. He holds a PhD in Economics from Imperial College London (UK) as well as MBA and bachelor degrees from Columbia University (USA), London Business School (UK), and Clayton State University (USA) and is a YPO member.
Jignesh Sanghvi, Director
Jignesh Sanghvi, DMCC’s Chief Financial Officer joined the organisation over 10 years ago as a business analyst.
Since then Jignesh has been instrumental in transforming the organisation – whether it meant successfully navigating through choppy waters during the global recession – or more recently digitalising the business to ensure DMCC’s employees and customers can operate as efficiently as possible.
With over 14 years of industry experience Jignesh is responsible for financial strategy and corporate governance, with a core objective to cement DMCC’s position as the global hub for commodities trade and enterprise. Strategic planning, strong financial leadership combined with maintaining the highest level of corporate governance are key drivers to succeed in this field.
Graduating with a bachelor’s degree in commerce from Gujarat University, Jignesh is a registered chartered accountant in India, United Kingdom and the United Arab Emirates. He also received his postgraduate diploma in business administration with a specialisation in finance from Symbiosis Pune in 2007.
The award-winning CFO also took on the role of Company Secretary on DMCC’s Advisory Committee in 2015.
Tariq Bin Hendi, Independent Director
Tariq Bin Hendi was most recently an Executive Vice President and the Head of Wealth Products & Advisory at Emirates NBD Group, having formerly served as the CEO of Emirates NBD Asset Management. He has almost two decades of experience, primarily focused on asset management, private equity and investment banking. Prior to his current role, Tariq held various roles at Commercial Bank of Dubai, Mubadala, Citigroup, Dubai Holding, Delta Airlines and UPS. He is currently a board member of the publicly listed entities ENBD REIT (NASDAQ) and AXA Green Crescent (ADX), having previously served on the Board of Aramex. He holds a PhD in Economics from Imperial College London (UK) as well as MBA and bachelor degrees from Columbia University (USA), London Business School (UK), and Clayton State University (USA) and is a YPO member.
Ahmed Bin Sulayem, Chairman
Ahmed Bin Sulayem has been on the board of directors of DGCX since inception, and took charge as the new DGCX chairman on November 2007. The appointment of Ahmed Bin Sulayem adds 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.
As the Executive Chairman and Chief Executive Officer of DMCC, he has spearheaded the success of DMCC in Dubai’s commodity market. Prior to joining DMCC in 2002, Ahmed was a director in ASTECO, one of the largest property management companies in Dubai.
Feryal Ahmadi, Director
In her position as Chief Operating Officer for the DMCC, Feryal Ahmadi oversees the company’s corporate governance and sustainability initiatives and drives its vision to remain the authority on international commodities trade and enterprise.
Feryal is also responsible for DMCC’s ‘Smart District’ strategy and leads all corporate divisions including Human Resources, Information Technology, Marketing and Communications, Procurement, Legal and Compliance.
Presiding over a successful transformation project in 2013 that significantly enhanced DMCC operations and its customer journey experience, Feryal leads the wider operational team tasked with growing the world’s leading free zone. Through long-term strategic planning and continuous strive for innovation and excellence, she has been one of the fundamental pillars behind DMCC achieving its international status and recognition today.
In addition, Feryal serves as an official spokesperson for DMCC in national and international media, continuously working to strengthen and increase the organization’s global positioning.
Feryal earned an Executive MBA from Harvard University and a Bachelor of Science degree in Computer Science from the American University in Sharjah.
Jignesh Sanghvi, Director
Jignesh Sanghvi, DMCC’s Chief Financial Officer joined the organisation over 10 years ago as a business analyst.
Since then Jignesh has been instrumental in transforming the organisation – whether it meant successfully navigating through choppy waters during the global recession – or more recently digitalising the business to ensure DMCC’s employees and customers can operate as efficiently as possible.
With over 14 years of industry experience Jignesh is responsible for financial strategy and corporate governance, with a core objective to cement DMCC’s position as the global hub for commodities trade and enterprise. Strategic planning, strong financial leadership combined with maintaining the highest level of corporate governance are key drivers to succeed in this field.
Graduating with a bachelor’s degree in commerce from Gujarat University, Jignesh is a registered chartered accountant in India, United Kingdom and the United Arab Emirates. He also received his postgraduate diploma in business administration with a specialisation in finance from Symbiosis Pune in 2007.
The award-winning CFO also took on the role of Company Secretary on DMCC’s Advisory Committee in 2015.
Tariq Bin Hendi, Independent Director
Tariq Bin Hendi was most recently an Executive Vice President and the Head of Wealth Products & Advisory at Emirates NBD Group, having formerly served as the CEO of Emirates NBD Asset Management. He has almost two decades of experience, primarily focused on asset management, private equity and investment banking. Prior to his current role, Tariq held various roles at Commercial Bank of Dubai, Mubadala, Citigroup, Dubai Holding, Delta Airlines and UPS. He is currently a board member of the publicly listed entities ENBD REIT (NASDAQ) and AXA Green Crescent (ADX), having previously served on the Board of Aramex. He holds a PhD in Economics from Imperial College London (UK) as well as MBA and bachelor degrees from Columbia University (USA), London Business School (UK), and Clayton State University (USA) and is a YPO member.
Our Vision, Mission & Core Behaviours
Vision
To consolidate and grow our position as the region’s trusted exchange and clearing house of choice.
Mission
To establish Dubai as a critical link in the global derivatives network.
Core Behaviours
Champions of good faith
We strive to act in a manner that builds trust and long-lasting relationships with our market participants and other partners, under a collaborative, constructive and cohesive business framework.
Smartly disruptive
We challenge the convention, adapt to market needs, and constantly looking beyond the comfort bubble. We are selective, strategic and logical in the decisions we take, working towards a clear goal, contributing to a better and more prosperous society in a diversified knowledge economy.
Relevantly informed
We continuously strive to improve on our expertise, by setting and achieving challenging goals, reflecting the spirit and optimism of where we are based.
Confidently restless
We are confident in our ability to positively impact the markets where we operate. Our default position is movement. We lean forward, looking to the future and adding value wherever we can, constantly looking for what’s next.
Centered through diversity
We see new horizons, appreciate different perspectives and serves as the foundation for how we think, act and engage with each other and our partners.