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Arbuthnot Secutities joins DIFX as member, in first move into Middle East
- United Arab Emirates: Saturday, March 24 - 2007 at 16:57
- PRESS RELEASE
Arbuthnot Securities, the London-based investment bank, has joined the Dubai International Financial Exchange (DIFX), in order to expand its securities trading and fund raising activities into the Middle East.
Arbuthnot is the second specialist UK investment bank to become a DIFX Member, bringing the total number of DIFX Members to twenty.
Mark Brown, Chief Executive of Arbuthnot Securities said: "Arbuthnot will play a full part in the exciting developments underway at the exchange, which is growing fast in a region of enormous economic potential. We will now be able to offer both our corporate and our institutional clients an increasing range of regional and international investment choices."
Per E. Larsson, Chief Executive of the DIFX, said:
"The arrival of Arbuthnot as a Member opens up new links between the exchange and investors seeking new assets. With our Membership list now totaling 20, and with other brokers preparing to join, we are expanding the critical mass of relationships that is driving our growth as the region's international stock market."
Arbuthnot Securities is a full-service integrated investment bank providing institutional broking and corporate advisory services. In Britain it focuses on shares of medium-size and small companies.
Hamed Ali, Executive Officer of the DIFX, said: "The exchange offers excellent access to its listed securities for retail and wholesale investors through brokers based in the
UAE and elsewhere. The number and variety of listings will expand significantly over 2007."
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Posted by Lara Lynn Golden, News Editor
Saturday, March 24 - 2007 at 16:57 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited
without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Sat Jun 16 2007.
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 20 Members - ABN AMRO, Abu Dhabi Commercial Bank, Arbuthnot Securities, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank, EFG-Hermes, Hichens, Harrison & Co, HSBC, ING Bank NV, Jefferies International, KAS BANK, Morgan Stanley, Merrill Lynch, Mashreq Capital (DIFC), NBD Investment Bank, SHUAA Capital, Standard Chartered and UBS.
Issuers on the DIFX include: Equities - Albaraka Banking Group (ordinary shares), Citigold Corporation (ordinary shares), Fortune Management (ordinary shares), Gold Fields (American depositary shares), Hikma Pharmaceuticals (global depositary receipts), Kingdom Hotel Investments (ordinary shares), Man Industries (India) (global depositary receipts), Rana Sugars (global depositary receipts); Bonds - MashreqBank (Euro Medium Term Notes), National Bank of Dubai (Euro Medium Term Notes); Islamic products - Aabar Sukuk (Sukuk), Nakheel Development (Sukuk), Ports, Customs and Free Zone Corporation (Sukuk), TID Global Sukuk (Sukuk); Structured Products - Deutsche Bank (certificates over indices).
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 DIFC Investments.
About Arbuthnot Securities
Arbuthnot Securities is a full-service, integrated investment bank providing a complete range of institutional stockbroking and corporate advisory services, focused on growth companies (mid- and small-cap) listed in the UK. Arbuthnot Securities takes a long-term, relationship-driven approach to best serve both its institutional and corporate clients through a high-quality service dedicated to adding value. Arbuthnot Securities has approximately 74 staff who service its UK and international clients from offices in the City of London.
Arbuthnot Securities Limited is the investment banking division of Arbuthnot Banking Group PLC whose shares are quoted on the Alternative Investment Market of the London Stock Exchange.
www.arbuthnotgroup.com
Media enquiries:
Amira Abdulla
Dubai International Financial Centre
Tel: +971 4 362 2433
Mark Fisher
Dubai International Financial Exchange
Tel: +971 4 361 2220
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