Al Ramz Securities, one of the UAE’s leading brokerage houses, has announced that it has partnered with Dlala Brokerage and Investment Holding Company to gain access to Qatar’s expanding stock market.
Under the terms of the agreement, Dlala will facilitate the execution of the transactions of Al Ramz clients in the local market. As the first non-banking financial institution in Qatar to be listed on the Qatar Exchange, Dlala is considered a solid and pioneering market partner. The deal with Dlala forms part of initiatives by Al Ramz to further expand its regional presence.
Although Qatar’s stock market is relatively small, the state is the world’s biggest exporter of liquefied natural gas and thus represents a booming emerging market with huge investment potential for regional and international traders.
“The Qatari bourse is rapidly moving towards modernization and expansion, which is why Al Ramz wants to establish a strategic presence in anticipation of a trading boom. As a veteran stock player, Dlala will effectively link us up with the principal stock market of the state, Qatar Exchange, and thus enable us to expedite and optimize local transactions,” said Mohammad Al Mortada Al Dandashi, Partner and Managing Director, Al Ramz Securities.
“Dlala Holding and its subsidiaries are firmly committed to providing high-quality investment services. We constantly strive to create a secure and comfortable operational environment where clients can undertake their transactions with utmost confidentiality and expediency. We look forward to delivering our services to the customers of Al Ramz as it pursues a leading position in Qatar’s promising securities sector,” added Abdulhameed Al- Jaber, CEO, Dlala Brokerage and Investment Holding Company.
Dlala Brokerage and Investment Holding Company was established in May 2005 and by September of the same year became the first non-banking financial organization to be listed on the Qatar Exchange QE. Dlala Holding went on to establish the Dlala Brokerage Company and Dlala Islamic Brokerage Company in January 2006; both are QE-registered. Other units that have emerged are Dlala Information Technology, Dlala International, and Dlala Real Estate.
Al Ramz Securities is a member of the Abu Dhabi Securities Exchange ADX, the Dubai Financial Market (DFM) and Nasdaq Dubai. A consistent leader in ADX and DFM trading, Al Ramz provides retail and institutional services via branches in Abu Dhabi, Dubai, and Al Ain. Al Ramz is the first locally-based brokerage licensed by the Emirates Securities and Commodities Authority ESCA to provide research services to customers. It was recently approved by ESCA to provide brokerage services outside UAE as well.