SICO UAE joins Nasdaq Dubai

Dubai : Securities & Investment Company UAE (SICO UAE) has joined Nasdaq Dubai as a member to in trade equities in a bid to provide new investment opportunities on the region’s rapidly expanding international exchange.
With the arrival of SICO UAE, 36 brokers are connected to the exchange as Members, including most of the UAE’s leading brokers and most leading international investment banks.
SICO UAE serves mainly institutional and high net worth individual client base and is a wholly-owned subsidiary of Securities & Investment Company (SICO), a premier regional wholesale bank headquartered in Bahrain.
Najla Al Shirawi, Chairperson of SICO UAE, said: “Nasdaq Dubai’s growing range of equities offer our clients attractive new investment possibilities in UAE and overseas companies that have global visibility in sectors ranging from property and construction to logistics and finance.”
Hamed Ali, Chief Executive of Nasdaq Dubai, said: “As part of the prominent wholesale bank SICO, SICO UAE and its experienced team bring substantial financial market knowledge and expertise to the exchange as we prepare for further listings, including Sharia’a-compliant issuances, and expansion into new asset classes.”