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Daman Securities, one of the UAE’s most prominent brokerages, 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.
Established in 1998 as a subsidiary of Daman Investments, Daman Securities has played a pioneering role in the development of the UAE’s equity markets, handling more than AED 57 billion of trades over the past five years. It has the ability to provide both leverage and margin facilities.
Shehab Gargash, Chairman of Daman Investments, said: “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. We will deepen our relationship with the exchange as it expands as the region’s international listing centre for high quality companies and develops new asset classes.”
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 knowhow 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.”
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