Al Ramz Securities, one of the UAE’s leading brokerage houses, has announced that it has signed an agreement with Gulfmena Investments Ltd., a specialist asset management company established in the Dubai International Financial Centre and regulated by the Dubai Financial Services Authority, to collaborate on research and market analysis. The agreement was signed by Mr. Mohammad Al Mortada Al Dandashi, Partner and Managing Director of Al Ramz Securities, and Mr. Haissam Arabi, Chief Executive Officer of Gulfmena Investments.
Al Ramz established the first local Research & Financial Analysis Desk to be licensed by the Emirates Securities and Commodities Authority ESCA. The agreement with Gulfmena will enable Al Ramz to further expand its coverage and experience and thus improve its ability to respond to client and market demands.
“Our partnership with Gulfmena fulfills our promise of broader and better capabilities to our customers. Our Research Department has already achieved great success and has left a strong imprint on the market. With Gulfmena on board, not only will we be able to expand our coverage, but we will also be able to provide more comprehensive and insightful market updates that can maximize investment returns and minimize risks. As one of the most successful fund management companies in the region we consider Gulfmena an important partner for our sustained success,” said Mohammad Al Mortada Al Dandashi, Partner & Managing Director, Al Ramz Securities.
“We consider the alliance with Al Ramz, the UAE’s leading brokerage firm, a highly strategic partnership. The combination of our investment expertise in the MENA markets and Al Ramz’s client reach and industry reputation promises client unparalleled market insights and in-depth coverage across the UAE and other key regional markets,” added Haissam Arabi, CEO, Gulfmena Investments Ltd.
Based in the Dubai International Financial Centre, Gulfmena Investments focuses on the MENA and other selected markets of the ‘New Silk Route.’ It provides fund, investment and discretionary portfolio management services using traditional as well as alternative investment strategies. It currently manages three funds and over USD 75 million in assets.
Al Ramz Securities is a member of the Abu Dhabi Securities Exchange (ADX), the Dubai Financial Market (DFM) and Nasdaq Dubai. A consistent trading leader at the ADX and DFM, Al Ramz provides retail and institutional services via branches in Abu Dhabi, Dubai, Al Ain. It is the first locally-based brokerage licensed by ESCA to provide Research and Financial Analysis services for customers. It is also authorized by the Authority to provide brokerage services outside the UAE.