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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
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
"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.