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Article: DIFX reaches landmark arrangement with Bahrain-Based securities & investment company
- Article from:
- Al Bawaba
- Article date:
- September 14, 2006
CopyrightCopyright 2006 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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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 ...