DFM, Citibank ink deal
United Arab Emirates: Tuesday, October 28 - 2008 at 13:25
Dubai Financial Market (DFM) has signed a Depository Participant Agreement with Citibank. The agreement will enable Citibank to provide custody of DFM-listed securities to institutional and international clients, thus helping broaden the exchange's investor base. With the signing of the new DPA, Citibank joins other leading financial institutions that have already signed similar agreements with DFM to provide sophisticated depository participant services to local, regional and global investors, according to a press statement.
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Jeff Florian, Senior ReporterTuesday, October 28 - 2008 at 13:25 UAE local time (GMT+4)
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