DUBAI, (Reuters) – The Dubai International Financial Centre (DIFC) declined to comment on Monday on a media report it was preparing to bid for Nordic stock market group OMX AB.

Telegraph.co.uk said on Sunday the DIFC, owner of the Dubai International Financial Exchange, had funding in place to bid up to 250 crowns per OMX share, trumping a $3.7 billion merger proposal from Nasdaq Stock Market Inc.. The Web site did not source the report.

“We don’t comment on our investment strategy,” Nasser al-Shaali, chief executive of the DIFC, said in Dubai.

DIFC Governor Omar bin Suleiman said on May 24 the DIFC was not considering a bid for OMX.