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· Broker offers clients new investment opportunities as part of its growth strategy
Dubai – Securities & Investment Company UAE (SICO UAE) has joined Nasdaq Dubai as a Member to trade equities, in order to provide its clients with new investment opportunities on the region’s rapidly expanding international exchange.
SICO UAE serves a mainly institutional and high net worth individuals client base and is a wholly-owned subsidiary of Securities & Investment Company (SICO), a premier regional wholesale bank headquartered in Bahrain whose activities include brokerage, market making, fixed income and equity asset management , corporate finance and custody and fund administration. These are underpinned by an independent, value-added research capability.
Najla Al Shirawi, Chairperson of SICO UAE, said: “Nasdaq Dubai’s growing range of equities offer our clients attractive new investment possibilities in UAE and overseas companies that have global visibility, in sectors ranging from property and construction to logistics and finance. As the opportunities available on the region’s international exchange continue to expand, we look forward to strengthening our ties with the market and its participants as part of our growth strategy.”
Hamed Ali, Chief Executive of Nasdaq Dubai, said: “As part of the prominent wholesale bank SICO, SICO UAE and its experienced team bring substantial financial markets knowledge and expertise to the exchange as we prepare for further listings, including Sharia’a-compliant issuances, and expansion into new asset classes. SICO UAE’s arrival on Nasdaq Dubai reflects our strong links with the GCC’s broker community and the appeal of our international market to a wide range of UAE, Bahrain and other investors.”
With the arrival of SICO UAE, 36 brokers are connected to the exchange as Members, including most of the UAE’s leading brokers and most leading international investment banks.
About Nasdaq Dubai
Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS).
The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC).
About SICO UAE
Securities & Investment Company UAE (SICO UAE) is an Abu Dhabi-based brokerage house licensed by the Emirates Securities & Commodities Authority (ESCA) to execute trades in the United Arab Emirates. Focused primarily on institutional clients, SICO UAE serves the ADX, DFM SICO UAE started operation in Q2 of 2012 following substantial investment in a new system and management team to deliver the highest quality of service and execution capability.
The Company is a wholly-owned subsidiary of Securities & Investment Company (SICO), a premier regional wholesale bank headquartered in the Kingdom of Bahrain, whose activities include brokerage, market making, treasury, equity and fixed income asset management, corporate finance, and custody and fund administration. For the past 17 consecutive years, SICO has maintained its status as the leading broker on the Bahrain Bourse, and is the preferred choice for larger trades, having managed most of the largest transactions on the Bourse. SICO’s growing regional capabilities complement its Bahrain-based brokerage activities, enabling clients to execute trades throughout the GCC and MENA regions, including Jordan and Egypt. SICO has established a reputation for its prudent, conservative and ethical approach to doing business.
© Press Release 2017
