Al Ramz, Gulfmena enter research deal
Dubai, June 3, 2012
Al Ramz Securities, one of the UAE’s leading brokerage houses, has signed an agreement with Gulfmena Investments, a specialist asset management company in the Dubai International Financial Centre, to collaborate on research and market analysis.
The agreement was signed by Mohammad Al Mortada Al Dandashi, partner and managing director of Al Ramz Securities, and 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, said a statement.
“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 Al Dandashi.
“We consider the alliance with Al Ramz 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.
Gulfmena 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 $75 million in assets. - TradeArabia News Service