Arqaam Capital becomes newest Member of DIFX
The Dubai International Financial Exchange (DIFX) today welcomed investment firm Arqaam Capital, a prominent new player in the investment banking world, as its newest Member to gain access to trading shares and other securities. Arqaam Capital’s DIFX membership is a key part of its expansion drive in the region offering its clients increasing investment opportunities in the Middle East.
Jeff Singer, Chief Executive of the DIFX, said: “As a well known financial player, Arqaam will act as a new channel for regional and international investors to access the growing range of securities listed on the DIFX. We look forward to building a close relationship with Arqaam through its headquarters in the Dubai International Financial Centre (DIFC).”
Arqaam Capital opened its DIFC offices in March 2007. It operates out of offices in London and Dubai. With four business lines – Capital Markets, Principle Finance, Asset Management and Corporate Finance- Arqaam aims to create an aggressive and growth oriented investment institution to cater specifically to the Middle East.
Ali Khan, Director at Arqaam Capital said: “Our membership of the DIFX will play a central role in our offering to clients who wish to take part in the strong economic growth story underway in the Middle East.”
“The DIFX is building momentum as the region’s international exchange and we believe this unique listing platform will offer a growing range of exciting regional and international investment possibilities.”
Arqaam Capital is the 22nd firm to join the DIFX as a Trading member and the 8th to do so through an office in the DIFC.
NASDAQ OMX, the world’s largest exchange company, with markets in the United States and Europe, bought a one third stake in the DIFX in February 2008. The other two thirds are owned by Borse Dubai.