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Holiday Notification - Eid Al Fitr 2020
Dear Valued Investor,
On the occasion of Eid Al Fitr, please note holidays for respective markets below:
- Dubai Financial Market (DFM), Abu Dhabi Financial Exchange (ADX) and Nasdaq Dubai markets will observe holiday from 29th Ramadan which falls on Friday, 22nd May 2020 till 3rd Shawal which may fall on either Monday, 25th May or Tuesday, 26th May 2020. Markets will resume officially on the 4th day of Shawal.
- The Saudi Stock Exchange - TADAWUL will observe holiday from Sunday, 24th May till Thursday 28th May 2020 and will resume officially on Sunday 31st May 2020.
Details of Financial Settlement for DFM & ADX:
Settlement schedule if Eid Al Fitr falls on Saturday 23rd May 2020
| Trading Day | Settlement Day |
|---|---|
| Wednesday, 20th May 2020 | Tuesday, 26th May 2020 |
| Thursday, 21st May 2020 | Wednesday, 27th May 2020 |
Settlement schedule if Eid Al Fitr falls on Sunday 24th May 2020
| Trading Day | Settlement Day |
|---|---|
| Wednesday, 20th May 2020 | Wednesday, 27th May 2020 |
| Thursday, 21st May 2020 | Thursday, 28th May 2020 |
Details of Financial Settlement for Nasdaq Dubai:
Settlement schedule if Eid Al Fitr falls on Saturday 23rd May 2020
| Trade Date | Settlement Date | |
|---|---|---|
| AED | Wednesday, 20th May 2020 | Tuesday, 26th May 2020 |
| Thursday, 21st May 2020 | Wednesday, 27th May 2020 | |
| Tuesday, 26th May 2020 | Thursday, 28th May 2020 | |
| USD | Wednesday, 20th May 2020 | Tuesday, 26th May 2020 |
| Thursday, 21st May 2020 | Wednesday, 27th May 2020 | |
| Tuesday, 26th May 2020 | Thursday, 28th May 2020 |
Settlement schedule if Eid Al Fitr falls on Sunday 24th May 2020
| Trade Date | Settlement Date | |
|---|---|---|
| AED | Wednesday, 20th May 2020 | Wednesday, 27th May 2020 |
| Thursday, 21st May 2020 | Thursday, 28th May 2020 | |
| Wednesday, 27th May 2020 | Sunday, 31st May 2020 | |
| USD | Wednesday, 20th May 2020 | Wednesday, 27th May 2020 |
| Thursday, 21st May 2020 | Thursday, 28th May 2020 | |
| Wednesday, 27th May 2020 | Monday, 01st June 2020 |
We take this opportunity to extend our best wishes to you.
Eid Mubarak.
Regards,
Emirates NBD Securities LLC
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