Arqaam Capital tops brokerage ranking on Dubai Financial Markets
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Sat August 11, 2012 11:57 am
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UAE. Arqaam Capital, the specialist emerging markets investment bank, announced today that its brokerage business, Arqaam Securities, has secured the top ranking on the Dubai Financial Markets (DFM). 

Arqaam’s brokerage business previously achieved the 12-month average number one position on NASDAQ Dubai (“NASDAQ”) for the full year 2011, during which time Arqaam held over 25% of market share.

Tarek Lotfy, Managing Director, Capital Markets, said:  “This is a great achievement for our equity brokerage team and a testament to their continued efforts to build market share in the UAE.   We are focused on building our brokerage platform across MENA and our work in the UAE is the cornerstone of this offering. 

"We are constantly looking for ways to provide clients with new investment opportunities across MENA and our growing team offers unparalleled insight into those markets.  Our efforts have clearly been rewarded by our clients, and we look forward to building on July’s success in the months and years to come."

Earlier this year, Arqaam acquired the Egyptian brokerage firm, El Rashad Securities Brokerage, S.A.E.  As part of the agreement, Arqaam purchased El Rashad’s operations and brokerage licence, expanding the Bank’s reach into the Egyptian market. 

In July 2012, Arqaam Securities executed AED 617,761,953 worth of trades on the DFM.

About Arqaam Capital

Arqaam Capital is a specialist emerging markets investment bank, bringing regional and international product offerings to Emerging Markets.  Arqaam Capital combines international best practice with regional expertise and creates investment opportunities primarily for Middle Eastern investors looking to invest in the region and internationally, and for international investors looking for opportunities in Emerging Markets.

Arqaam Capital has strong roots in the Middle East with a regional shareholder base which includes institutions, family offices and high net worth individuals.

Arqaam Capital is headquartered in the Dubai International Financial Centre (DIFC) and operates out of offices in Dubai, Beirut and London. Arqaam Capital has seven business lines - Corporate Finance, Asset Management, Cash Equity, Credit Trading, Equity Derivatives, Treasury and Custody.

 

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