• HSBC

DIFX welcomes Mashreq Capital DIFC Ltd as Member

  • United Arab Emirates: Tuesday, April 04 - 2006 at 11:43
  • PRESS RELEASE

The Dubai International Financial Exchange (DIFX) has accepted Mashreq Capital DIFC Ltd as a Member firm able to trade securities.

Mashreq Capital DIFC Ltd is the 11th firm to join the DIFX, which has attracted a range of prominent Members based both internationally and in the region. It is based in the Dubai International Financial Centre and has joined as a trading member.

Earlier this year, Mashreqbank, the parent company of Mashreq Capital DIFC Ltd, listed on the DIFX its US$750 million Euro Medium Term Note Programme as well as two series of Floating Rate Notes issued under it.

Abdul Aziz Al Ghurair, Chief Executive of Mashreqbank, commented:

"The DIFX will serve as a gateway for the flow of capital to and from the region. We look forward to operating on the DIFX as an active market participant and we believe it will become the premier international exchange in the Middle East."


Nasser Alshaali, Chief Operating Officer of the DIFX, commented: "We are delighted to welcome Mashreq Capital as the latest firm owned by a United Arab Emirates bank to join the DIFX.

"This is a significant step forward as the DIFX strengthens its role as a platform for local and regional companies to reach out to the global market. We aim to attract many more regional and international Member by the end of this year."
 
Article Options
Log in to request more information from Nasdaq Dubai

Notes and Media Contacts »

About DIFX

The DIFX is the region's first international financial exchange for equities, bonds, Islamic products, funds, index products and 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 11 Member banks - Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank, EFG-Hermes, HSBC, KAS BANK, Morgan Stanley, SHUAA Capital, UBS and Mashreq Capital DIFC Ltd.

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.

For further information contact:
Tim Harrison/Lavina Chatterjee
ASDA'A Financial
Edelman affiliate in Middle East and North Africa
Tel: +971-4-3344550
Fax: +971-4-3344556
Dubai, UAE

Mark Fisher
Head of Corporate Communications
Tel: +971 4 361 2220
Mob: + 971 50 624 5805

Amira Abdulla
PR Manager, DIFC
Tel: +971 4 362 2433

Disclaimer »

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions