Mr. Ali has played a key role at the DIFX over the past months as a member of its Executive Committee and as acting Head of the DIFX Academy, the exchange's training arm. Earlier he was a member of the Executive Team of the Dubai International Financial Centre (DIFC) Authority and the Head of the DIFC Authority's Project Management Office.
Per E. Larsson, Chief Executive of the DIFX, said, "The exchange will benefit enormously from Hamed's managerial expertise, his experience gained at the DIFC Authority and in other roles in Dubai, and his close connections with the financial and business community.
"This appointment strengthens the DIFX's management structure as it prepares for its next phase of growth, including more listings and new asset classes."
Before joining the DIFX, Mr. Ali was a Member of Dubai Strategy Development in the government's Trade and Economy Taskforce. He also worked on key projects in Dubai Internet City and Knowledge Village.
Mr Ali said, "The DIFX has enjoyed great success since it opened in September 2005, with 22 securities now listed and 16 regional and international brokers accepted as Members. We have listed significant initial public offerings and have a larger value of listed Sukuk than any other exchange.
"The DIFX welcomes wholesale and retail investors in its listed securities. We aim to strengthen our focus on Islamic finance and introduce new market segments such as structured products, exchange-traded funds and in due course derivatives."
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DIFX appoints Hamed Ali as Executive Officer as it prepares for next phase of growth
- United Arab Emirates: Wednesday, November 22 - 2006 at 11:30
- PRESS RELEASE
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The Dubai International Financial Exchange (DIFX) has appointed Hamed Ahmad Ali to the new position of Executive Officer, to further strengthen its successful growth and development as the international exchange serving the region.
Hamed Ahmad Ali.
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Janeta Novakovic, Assistant News EditorWednesday, November 22 - 2006 at 11:30 UAE local time (GMT+4)
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This article was updated on Thu Jan 18 2007.
Notes and Media Contacts »
Media enquiries:
Amira Abdulla
Dubai International Financial Centre
Tel: +971 4 362 2433
Mark Fisher
Dubai International Financial Exchange
Tel: +971 4 361 2220
About DIFX:
The DIFX is the region's first international financial exchange for equities, bonds, Islamic products, funds, index products and (subject to regulatory approval) derivatives. The target areas of the DIFX for seeking issuers include the Middle East and North Africa, as well as South Africa, Turkey and the Indian sub-continent.
The exchange launched in September 2005 and currently has 16 Member banks - ABN AMRO, Abu Dhabi Commercial Bank, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank, EFG-Hermes, HSBC, Jefferies International, KAS BANK, Morgan Stanley, Merrill Lynch, Mashreq Capital (DIFC), SHUAA Capital, Standard Chartered and UBS.
Issuers on the DIFX include Aabar Sukuk (Sukuk), Albaraka Banking Group (ordinary shares), Deutsche Bank (certificates over indices), Fortune Management Inc. (ordinary shares), Gold Fields (American depositary shares), Hikma Pharmaceuticals (global depositary receipts), Kingdom Hotel Investments (ordinary shares), Man Industries (global depositary receipts), MashreqBank (Euro Medium Term Notes), National Bank of Dubai (Euro Medium Term Notes), Ports, Customs and Free Zone Corporation (Sukuk) and Rana Sugars (global depositary receipts).
The regulator of the DIFX is the Dubai Financial Services Authority. The DIFX is located in the Dubai International Financial Centre (DIFC) and its owner is the DIFC Authority.
Amira Abdulla
Dubai International Financial Centre
Tel: +971 4 362 2433
Mark Fisher
Dubai International Financial Exchange
Tel: +971 4 361 2220
About DIFX:
The DIFX is the region's first international financial exchange for equities, bonds, Islamic products, funds, index products and (subject to regulatory approval) derivatives. The target areas of the DIFX for seeking issuers include the Middle East and North Africa, as well as South Africa, Turkey and the Indian sub-continent.
The exchange launched in September 2005 and currently has 16 Member banks - ABN AMRO, Abu Dhabi Commercial Bank, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank, EFG-Hermes, HSBC, Jefferies International, KAS BANK, Morgan Stanley, Merrill Lynch, Mashreq Capital (DIFC), SHUAA Capital, Standard Chartered and UBS.
Issuers on the DIFX include Aabar Sukuk (Sukuk), Albaraka Banking Group (ordinary shares), Deutsche Bank (certificates over indices), Fortune Management Inc. (ordinary shares), Gold Fields (American depositary shares), Hikma Pharmaceuticals (global depositary receipts), Kingdom Hotel Investments (ordinary shares), Man Industries (global depositary receipts), MashreqBank (Euro Medium Term Notes), National Bank of Dubai (Euro Medium Term Notes), Ports, Customs and Free Zone Corporation (Sukuk) and Rana Sugars (global depositary receipts).
The regulator of the DIFX is the Dubai Financial Services Authority. The DIFX is located in the Dubai International Financial Centre (DIFC) and its owner is the DIFC Authority.
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