ID :
12060
Thu, 07/10/2008 - 16:02
Auther :
Shortlink :
https://oananews.org//node/12060
The shortlink copeid
DFM and NBAD sign Depository Participant Agreement
Dubai, July 10, 2008 (WAM) - Dubai Financial Market (DFM) announced yesterday that it has signed a Depository Participant Agreement withNational Bank of Abu Dhabi (NBAD) to be the first UAE-based bank providing securities services to local and international investors in DFM.
The signing ceremony was attended by Essa Kazim, Chairman of DFM; Abdulla Mohammed Saleh AbdulRaheem, NBAD's Senior General Manager and Group Chief Operating Officer;. Sally Paterson, NBAD's Head of Business Planning and Strategy; andMariano Bengoechea, NBAD's Internal Advisor.
The addition of NBAD complements the existing network of custody service providers that DFM recently began offering through leading financial institutions. We look forward to further expanding and enhancing these services in the future." NBAD currently provides registrar services to more than 20 listed companies, in addition to NBAD lead services in arranging IPOs and other securities services. Providing custody services to all segments of investors will enhance NBAD's asset management services. NBAD's asset management group has developed its products and services, and the newly formed team was able toput some outstanding performance numbers together in 2007.
The signing ceremony was attended by Essa Kazim, Chairman of DFM; Abdulla Mohammed Saleh AbdulRaheem, NBAD's Senior General Manager and Group Chief Operating Officer;. Sally Paterson, NBAD's Head of Business Planning and Strategy; andMariano Bengoechea, NBAD's Internal Advisor.
The addition of NBAD complements the existing network of custody service providers that DFM recently began offering through leading financial institutions. We look forward to further expanding and enhancing these services in the future." NBAD currently provides registrar services to more than 20 listed companies, in addition to NBAD lead services in arranging IPOs and other securities services. Providing custody services to all segments of investors will enhance NBAD's asset management services. NBAD's asset management group has developed its products and services, and the newly formed team was able toput some outstanding performance numbers together in 2007.
