Rasmala launches brokerage subsidiary

The firm currently offers its clients brokerage services for trading on the Dubai Financial Market through a state-of-the-art technology platform that ensures reliable execution of transactions and superior client service, whether trades are placed traditionally or electronically. Rasmala Brokerage is expected to extend these services to the Abu Dhabi Securities Market within weeks.

"The new brokerage firm represents a key initiative for Rasmala and a further important step in our plans to be at the forefront of the investment community in the UAE and indeed across the region,"

said Ali al Shihabi, Founder & CEO of Rasmala Investments. He added: "By offering brokerage services, we leverage our extensive investment platform and provide a complete package to the active investor."

The Rasmala Investment Platform offers asset allocation services, manager selection, execution and customer statement generation on a fully white labeled basis, as well as a fully integrated Customer Relationship Management (CRM) capability.

In the near future, Rasmala Brokerage will offer seamless access to execute in the 12 main Arab stock markets and in major international markets in the United States, Europe and Asia. "For the first time, investors in the UAE will be able to use a secure technology platform that is integrated into various regional and international exchanges for seamless execution of their transactions", said Majdi Mansour, CEO of Rasmala Brokerage.

Rasmala Brokerage is owned by Rasmala Investments, the majority shareholder; Saudi investors Khaled and Jamal Al Johar, who have more than 20 years of experience in the Saudi stock market, and Q-Invest, a leading brokerage company in Oman.