- Investor roadshows and other outreach will primarily focus on equity futures
- Campaign will increase synergies between UAE and regional financial markets.
Dubai: Nasdaq Dubai, the region’s international exchange, and Menacorp, one of the UAE’s leading brokerages, have announced they will collaborate to raise investor awareness across MENA of the expanding capital markets opportunities in the UAE and the region.
The campaign will include joint roadshows conducted by Nasdaq Dubai and Menacorp in GCC and other MENA countries as well as digital outreach to a wide range of institutions and individuals. Topics will include a particular focus on equity futures and include other asset classes such as equities, Sukuk, and conventional bonds.
Hamed Ali, Chief Executive of Nasdaq Dubai, said: “Our joint mission with Menacorp will publicise the expanding opportunities that are available in the UAE capital markets and beyond, both to investors that are already active and new potential investors including funds and individuals who have not yet participated. The UAE markets offer many attractive possibilities for increasing and preserving wealth that are available to investors based in MENA region countries and elsewhere.”
Fathi Ben Grira, Chief Executive of Menacorp said: “Our outreach will explain the various routes through which investors outside the UAE can gain easy access to trade the UAE markets, and how the products available here can be incorporated into various trading strategies. The UAE plays a leading role in the region in terms of the quality and diversity of its asset classes plus the trading infrastructure and regulation that underpin them.”
As well as equity markets that include some of the Middle East’s largest and most dynamic companies, investment opportunities in the UAE include Nasdaq Dubai’s rapidly growing equity futures market on UAE and Saudi shares, which enables investors to hedge their existing positions as well as make gains. The UAE is also a leader in Sukuk and conventional bond issuance and listing, including being the largest venue in the world for Sukuk listings by value.
The collaboration between Nasdaq Dubai and Menacorp will complement the activities of capital markets institutions and participants in other MENA countries and increase synergies across the region.
Menacorp is an award-winning financial services firm authorized and regulated by the UAE’s Securities and Commodities Authority and the Dubai Financial Services Authority. Its extensive expertise covers financial advisory, brokerage, asset management and financial research provided across the Middle East and North Africa (MENA) region. Menacorp is backed by one of the largest and most diversified Emirati conglomerates, the Bin Hamoodah Group – the company’s main shareholder.
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).
© Press Release 2019