The Dubai International Financial Exchange (DIFX) has announced that investment
firm Arqaam Capital, a prominent new player in the investment banking world,
is its newest Member to gain access to trading shares and other securities.
Arqaam Capital’s DIFX membership is a key part of its expansion drive
in the region offering its clients increasing investment opportunities in the
Middle East.
Jeff Singer, Chief Executive of the DIFX, commented: “As a well known
financial player, Arqaam will act as a new channel for regional and international
investors to access the growing range of securities listed on the DIFX. We look
forward to building a close relationship with Arqaam through its headquarters
in the Dubai International Financial Centre (DIFC).”
Arqaam Capital opened its DIFC offices in March 2007. It operates out of offices
in London and Dubai. With four business lines – Capital Markets, Principal
Finance, Asset Management and Corporate Finance - Arqaam aims to create an aggressive
and growth oriented investment institution to cater specifically to the Middle
East.
Ali Khan, Director at Arqaam Capital commented: “Our membership of the
DIFX will play a central role in our offering to clients who wish to take part
in the strong economic growth story underway in the Middle East.”
He added: “The DIFX is building momentum as the region’s international
exchange and we believe this unique listing platform will offer a growing range
of exciting regional and international investment possibilities.”
Arqaam Capital is the 22nd firm to join the DIFX as a Trading member and the
8th to do so through an office in the DIFC.
NASDAQ OMX, the world’s largest exchange company, with markets in the
United States and Europe, bought a one third stake in the DIFX in February 2008.
The other two thirds are owned by Borse Dubai.