Sico UAE becomes Nasdaq Dubai member
DUBAI, March 14, 2017
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 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.
The company serves a mainly institutional and high net worth individuals client base, it stated.
Najla Al Shirawi, the 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," she noted.
Welcoming the move, Nasdaq Dubai CEO Hamed Ali said: "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 classed."
"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," he noted.
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, he added.-TradeArabia News Service