image description
image description
Tell A Friend

FinancialNews


  • 09-01-12

    El Rashad brokerage sold to Dubai's Arqaam Capital

    (MENAFN) Dubai-based Arqaam Capital will acquire El Rashad Securities Brokerage from Al Rashad Holding to set a foot in the Egyptian market, Bloomberg reported. Arqaam Capital seeks to benefit from a possible recovery in Egypt, after a year long political uprising which ousted President Hussni Mubarak. Under the agreement Arqaam Capital will buy El Rashad's business, operations and brokerage license. Arqaam's acquisition comes amid a decline in the number of brokers in the UAE, after regional instability and Europe's debt crisis pushed the volume of shares traded in Dubai to a six-year low.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved