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Arqaam Capital joins Nasdaq Dubai
03 February 2014
Arqaam added as an equities trading member
Arqaam Capital has become an equities trading member of Nasdaq
Dubai, which will allow Arqaam to expand the services the firm
provides to its international and regional clients.
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
Arqaam Capital is already a member of Nasdaq Dubai's equity
derivatives market, which comprises futures on the FTSE Nasdaq
Dubai UAE 20 index and on 20 prominent companies listed in the
UAE. 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.