Arqaam Capital secures top brokerage ranking on the Dubai Financial Markets
Saturday, August 11, 2012
ARQAAM CAPITAL SECURES TOP BROKERAGE RANKING ON THE DUBAI FINANCIAL MARKETS
Executed approximately 10% of the DFM trade value in July
Arqaam Capital (“Arqaam”), the specialist emerging markets investment bank, announced today that its brokerage business, Arqaam Securities, has secured the top ranking on the Dubai Financial Markets (“DFM”). Arqaam’s brokerage business previously achieved the 12-month average number one position on NASDAQ Dubai (“NASDAQ”) for the full year 2011, during which time Arqaam held over 25% of market share.
Tarek Lotfy, Managing Director, Capital Markets, said:
“This is a great achievement for our equity brokerage team and a testament to their continued efforts to build market share in the UAE. We are focused on building our brokerage platform across MENA and our work in the UAE is the cornerstone of this offering. We are constantly looking for ways to provide clients with new investment opportunities across MENA and our growing team offers unparalleled insight into those markets. Our efforts have clearly been rewarded by our clients, and we look forward to building on July’s success in the months and years to come.”
Earlier this year, Arqaam acquired the Egyptian brokerage firm, El Rashad Securities Brokerage, S.A.E. As part of the agreement, Arqaam purchased El Rashad’s operations and brokerage licence, expanding the Bank’s reach into the Egyptian market.
In July 2012, Arqaam Securities executed AED 617,761,953 worth of trades on the DFM.
Arqaam Capital Limited
Level 27, Index Tower
Dubai International Financial Centre
PO Box 506687 Dubai
United Arab Emirates
Tel: +971 (0)4 507 1700