|12 June, 2019

Dubai’s Greenstone acquires licence to promote financial products

The licence will allow Greenstone to carry out fund placement activities for its clients by registering funds with the Securities and Commodities Authority (SCA)

Traders react during the opening of the Dubai stock market June 26, 2016. Image used for illustrative purpose.

Traders react during the opening of the Dubai stock market June 26, 2016. Image used for illustrative purpose.

REUTERS/Ahmed Jadallah

Greenstone Equity Partners has obtained a licence to promote financial products and foreign securities from the UAE's Securities and Commodities Authority.

Alex Gemici, the Chairman of Greenstone Equity Partners, said, “Securing this prestigious licence marks a significant landmark in the growth story of Greenstone, cementing us as the leading placement firm for capital raising in the Middle East.”

Greenstone stated that SCA has granted its subsidiary Greenstone Equity Partners Financial Products Promotion a licence to perform the activities of financial product promotion and foreign securities promotion.

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