NASDAQ Dubai welcomes Arqaam Capital as an equities trading Member amid expanding market activity
Arqaam Capital has become an equities trading Member of NASDAQ Dubai, in order to offer its clients exciting new opportunities as market activity increases on the region’s international exchange.
The ability to trade shares directly on NASDAQ Dubai significantly expands the services that Arqaam Capital can provide to its international and regional clients, as a specialist emerging markets investment bank based in the Dubai International Financial Centre (DIFC).
Riad Meliti CEO of Arqaam Capital said: ”All the indicators look positive for 2014 being the start of a spell of strong performance for the UAE’s economy and its capital markets. By extending our membership of NASDAQ Dubai, we are ensuring we can give our clients the access they need to a vibrant market.”
Arqaam Securities, the bank’s UAE brokerage company, is also a member of the NASDAQ Dubai equities market.
Hamed Ali, Chief Executive of NASDAQ Dubai, said: “As a leading investment bank and broker with a substantial client base, Arqaam Capital adds further depth and reach to NASDAQ Dubai’s equities framework. The exchange looks forward to working with Arqaam Capital in a number of areas to develop the investment and hedging tools that we offer to market participants.”
“NASDAQ Dubai will strengthen its focus on attracting new listings of equities as well as other asset classes, as more companies in the region and beyond seek to raise capital on the exchange to fuel their growth.”
The FTSE NASDAQ Dubai UAE 20 index rose 87% in 2013 to end the year at 3,397, reflecting a sustained rise in confidence in the UAE’s capital markets and economic prospects.