Dubai, 04 October 2022: amana, the pioneering regional Neobroker, today announced its connectivity with the Dubai Financial Market (DFM) and Nasdaq Dubai to offer thousands of amana’s investors seamless access to trading listed securities on both DFM and Nasdaq Dubai via Mubasher Financial Services.
The accomplishment of amana’s connectivity with DFM and Nasdaq Dubai will allow its investors to unlock the growing financial wealth and investment opportunities in Dubai markets through its newly launched state of art trading app.
Hamed Ali, CEO of DFM and Nasdaq Dubai said: “As part of our digital transformation to boost investors’ access to DFM’s listed stocks through fintech solutions and tech-driven global brokers, we welcome amana’s new app launch. amana’s trading application complements DFM’s digital onboarding platform, which attracted record level of investor accounts.”
Muhammad Rasoul, amana CEO: “This collaboration is a step further into making our app inclusive and accessible of regional stocks, which is one key element that makes our app so unique. We are from the region, believe in the growth of the region, and want to help our local and regional customers be part of this growth. This reflects our commitment to changing the financial ecosystem in MENA, and redefining our customers’ expectations for access.”
FinTech veteran amana has built a legacy in the online trading and investment ecosystem for the past twelve years and showcases an end-to-end understanding of the trading space, making the amana app a trusted products and services platform. It is noteworthy that amana is connected to DFM through Mubasher Financial Services’ Direct Market Access (DMA), which enables DFM-licensed brokerage companies to mandate a global broker to directly trade on the market using its DMA access point.
To find out more and take advantage of amana’s launch offer, please visit www.amana.app/.
amana is a leading neo-broker. It provides retail investors and active traders with direct access to the global financial markets, serving clients across MENA. It operates multiple offices across Dubai, London, Limassol, and Beirut.
amana is regulated by the Dubai Financial Services Authority (DFSA) in the United Arab Emirates, the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CYSEC) in Europe, the Capital Markets Authority (CMA) in Lebanon, the Labuan Financial Securities Authority (LFSA) in Malaysia, and the Financial Services Commission (FSC) in Mauritius.
About Dubai Financial Market
Dubai Financial Market (DFM) was established as a public institution with its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000 and became the first Islamic Shari’a-compliant exchange globally since 2007. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 Billion, DFM became a public joint stock company and its shares were listed on 7 March 2007 with the trading symbol (DFM). Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited.
About Nasdaq Dubai:
Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS). The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC).
For more information, please visit: https://www.nasdaqdubai.com/