|
|
Article: DIFX reaches landmark arrangement with Bahrain-Based securities & investment company.
- Article from:
- Middle East and North Africa Business Report
- Article date:
- September 14, 2006
CopyrightCOPYRIGHT 2006 Middle East and North Africa Business Report. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Sep. 14--Securities and Investment Company BSC (SICO), the Bahrain-based investment bank, has made a groundbreaking arrangement to facilitate trading on the Dubai International Financial Exchange (DIFX) by making a market. SICO will provide both buy and sell prices in the shares of Al Baraka Banking Group (ABG) on the DIFX under the arrangement. ABG, the Bahrain-based Islamic banking group, is due to list its shares on the DIFX on September 4th. Nasser Alshaali, Chief Operating Officer of the DIFX, said: "SICO will be the first member of any Gulf Cooperation Council (GCC) exchange to make a market in shares on an international exchange. This will benefit investors ...