DUBAI: Securities and Investment Company UAE (SICO UAE) a wholly-owned subsidiary of SICO Bahrain, has joined Nasdaq Dubai as a member to trade equities.
The company serves a mainly institutional and high net worth individuals client base, and its activities include brokerage, market making, fixed income and equity asset management, corporate finance and custody and fund administration.
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. As the opportunities available on the region’s international exchange continue to expand, we look forward to strengthening our ties with the market and its participants as part of our growth strategy.”
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 markets knowledge and expertise to the exchange as we prepare for further listings, including Sharia-compliant issuances, and expansion into new asset classed.”