Shuaa Securities, now known as International Securities, has a more than 20% share of the local market in terms of traded value. Image Credit: Gulf News

Dubai: One of the UAE's leading stock brokerage firms has got itself a new name - Shuaa Securities will now be known as International Securities. It was acquired by Abu Dhabi-based International Holding Company (IHC) in 2019.

All through last year, the firm "maintained" the highest trading value among brokerages in the UAE, with Dh57 billion plus and a market share of more than 20 per cent.

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Founded in 2001, International Securities offers trading, execution and research services to retail and high networth individuals and institutional clients. Syed Basar Shueb, CEO and Managing Director of IHC, said: “IHC’s Capital business is one of our highest-performing verticals and is an important pillar of our ambitious growth strategy. We see significant value potential in continuing to grow their business under the new name.”

In the second-half of last year, IHC and its subsidiaries announced several investments, including in Falcon CI IV LP, a fund that owns a stake in SpaceX, Elon Musk’s aerospace company. Three of IHC's subsidiaries were also recently listed on Abu Dhabi's secondary market.