Dubai: Daman Securities has joined Nasdaq Dubai as a member to trade equities, to provide its clients in the GCC and beyond with access to shares of regional and international companies listed on the exchange.
Daman Securities has played a pioneering role in the development of the UAE’s equity markets, handling more than Dh57 billion of trades over the past five years. It plans to provide both leverage and margin facilities.
“As Daman Securities strengthens its position as a leading provider of brokerage services in the UAE, we are delighted to offer our clients the exciting investment opportunities that are listed on Nasdaq Dubai’s market,” Shehab Gargash, Chairman of Daman Investments, said in a statement.
Daman Securities has joined Nasdaq Dubai as an individual clearing Member, able to clear its own trades and those of its clients, adding to its successful list of services (UAE markets trading, Sharia trading, margin trading and online trading).
Hamed Ali, Chief Executive of Nasdaq Dubai, said: “Daman Securities’ acknowledged expertise and know-how in the regional capital markets are an important addition to our market as it prepares for further growth. The exchange looks forward to adding substantially to its range of equities including listing further initial public offerings (IPOs), enabling companies in the region and beyond to raise capital and benefit from their shares being traded by a wide range of investors.”