Daman Investments launches proprietary Systematic Trading Account products for GCC equities

Notes and media contacts

About Daman Investments PSC (www.daman.ae)
Daman Investments PSC is a private joint stock company based in Dubai and capitalized at Dhs200m.

From its early beginnings in 1998, the group has grown rapidly into a non-bank financial services company now widely recognized as an authority in its core markets, the Gulf Cooperation Council and Iraq.

Known for offering innovative investment products and services to both regional and international clients, Daman provides investment management and development capital investment opportunities as well as domestic and regional brokerage operations through its subsidiaries.

Daman is committed to the principles of ethical business practice and operational transparency. All Daman's various operations are regulated by the United Arab Emirates Central Bank, the Emirates Securities and Commodities Authority (ESCA) and the Dubai Financial Services Authority (DFSA). Daman is well positioned for its clients as their gateway to the new Arab World economy.

About the Daman Systematic Trading Accounts
An Absolute Return driven Systematic identification of superior risk-adjusted trading opportunities, the Daman Systematic Trading Accounts have been developed as a proprietary product for current trading conditions and the GCC equities markets.

All trading decisions are systematic based upon predefined rules of a proprietary model. Strategies are thoroughly tested and statistically evaluated before implementation. Implemented strategies are continually monitored and evaluated to ensure they are within expected performance boundaries. The application of pre-determined risk for a particular trading opportunity is the strategy driving Systematic Trading Account portfolio success.
Minimum entry to Daman Diversified Managed Futures Account is $100,000. and the Daman GCC Systematic Trading Master Account is Dhs200,000. Subscriptions and redemptions are Monthly and advised 3 working days before month end. Please refer to the Client Agreement for Discretionary Investment Management for the "Risk Guidelines."

About the Daman Second Emirates Fund
The Daman Second Emirates Fund is a UAE-registered open-ended fund regulated by the United Arab Emirates Central Bank and focussed on the UAE equities markets. The fund has an initial offered unit price of Dhs100 and a targeted size of Dhs200m.

Subscriptions are weekly with monthly redemptions. The Net Asset Value will be calculated and published weekly. The fund is open to all nationalities as well as non-UAE residents and will seek to achieve a combination of capital growth and regular dividend income.

About the Daman Islamic Fund
The Daman Islamic Fund is a Shari'ah based; Open ended UAE-registered Mutual Fund regulated by the United Arab Emirates Central Bank. The Fund will invest primarily in Shari'ah Compliant securities listed on the UAE financial exchanges. The Fund will have an initial offered unit price of Dhs100 and a targeted size of Dhs200m.

Subscriptions are weekly with monthly redemptions. The Net Asset Value will be calculated and published weekly. The fund is open to all nationalities as well as non-UAE residents and will seek to achieve a combination of capital growth and regular dividend income.

About the Daman Speculator Fund
The Daman Speculator Fund is a UAE-registered open-ended fund regulated by the United Arab Emirates Central Bank. The fund will have an initial offered unit price of Dhs100 per share and a targeted size of Dhs200m. Daman Investments seed capital in the fund is Dhs5m.

Subscriptions are weekly with monthly redemptions. The Net Asset Value will be calculated and published weekly. The fund is open to all nationalities as well as non-UAE residents and seeks to exploit the dynamic potential of the UAE and GCC equity markets.

For further details please contact:
Daman Corporate Communications
Michele Smith Motiwalla
Tel: +971 4 332 41 40
Fax: +971 4 332 42 40

Arabia PR FZ LLC
Yasser Fathy / Walid El-Tigi
Tel: + 971 4 391 12 00
Fax: + 9714 390 45 11