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UAE-based firm joins DIFX family

Dubai, January 16, 2008

The Gulf National Securities Centre International (GNSCI) has joined the Dubai International Financial Exchange (DIFX) as a member firm.

GNSCI is the sixth UAE-based firm to join the DIFX. Major shareholders of GNSCI include The National Investor and Finance House, both based in Abu Dhabi.

As a member firm the GNSCI will be able to trade shares and other securities. Adil Al-Souri, general manager of GNSCI said: "The DIFX is an active market that offers an exciting range of opportunities to individual investors based in the UAE and the region. Through GNSCI services as a broker, it is easy for investors to trade on the exchange.”

He said the company looked forward to playing a creative role in the development of the DIFX as the region's capital markets hub “as it attracts further listings and asset classes."

GNSCI is licensed by the Dubai Financial Services Authority to operate as an authorised firm inside the Dubai International Financial Centre (DIFC).

Per E. Larsson, chief Executive of the DIFX, said: "The DIFX provides issuers with high liquidity and has hosted significant trading volumes. We expect these to grow as we expand our range of securities. GNSCI provides as a new channel for UAE and other investors to access the opportunities on the exchange."

Hamed Ali, executive officer of the DIFX, said: "GNSCI's arrival at the exchange further strengthens the exchange’s links with the local and regional financial services community. These will develop further as new members join the exchange."-TradeArabia News Service




Tags: DIFX | listing | member | GNSCI | UAE firm |

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