The chairman of Dubai's long haul carrier Emirates said that it was possible to list the airline or its subsidiaries on the Dubai exchange, Reuters reported citing CNBC Arabiya TV.

According to Sheikh Ahmed bin Saeed Al-Maktoum, such a decision would have to come from the Dubai Securities and Exchange Higher Committee chaired by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, the Reuters report said.

Dubai  will be launching a 2 billion dirham ($545 million) market-maker fund to boost trading on its stock market and is aiming to list 10 state-backed companies on the bourse.

On Saturday, Sheikh Maktoum approved a new plan to list Dubai's traffic toll system 'Salik' on the Dubai Financial Market (DFM).

In the beginning of the month, Sheikh Maktoum announced that Dubai will be listing its main water and power utility, the Dubai Electricity and Water Authority (DEWA), on the DFM in the coming months.

(Writing by Seban Scaria; editing by Anoop Menon)

 seban.scaria@refinitiv.com

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