26 Oct, 2009Emirates International Securities becomes Member of NASDAQ Dubai

Dubai-based broker Emirates International Securities (EIS) has become a Member of NASDAQ Dubai, the region s international exchange. EIS is one of the largest brokers active in the UAE equity markets and is a subsidiary of Emirates NBD, the largest banking group in the Middle East by assets.

Hamood Abdulla Al Yasi, General Manager of EIS, said: "NASDAQ Dubai is achieving an increasingly prominent position in the region s capital markets, through the growing range of its listed securities, its accessibility to regional and international investors and its promotion of world class transparency and governance standards.

"As the financial climate continues to improve in Dubai and across the region, we look forward to working with the exchange in the interests of our clients and the further development of the regional financial sector. We will actively support NASDAQ Dubai s growing synergies with regional capital markets institutions."

Companies from 10 countries in the region and around the world have listed equities on NASDAQ Dubai including DP World, which in 2007 listed the Middle East s
largest IPO at $4.96 billion. The exchange also operates the UAE s only on-exchange equity derivatives platform and is the listing venues of Dubai Gold Securities.

Jeff Singer, Chief Executive of NASDAQ Dubai, said: "As we prepare to expand our market and the range of products available to investors, we are delighted to be working with EIS, as one of the country s leading brokers able to link thousands of individual and institutional investors to the exchange.

"Through joining the exchange directly from the regulatory jurisdiction of the UAE, EIS can provide easy and straightforward access to NASDAQ Dubai for its clients."