Abu Dhabi, Dubai, 22 December, 2010 - The UAE- based broker Abu Dhabi Financial
Services (ADFS), the financial brokerage arm of the National Bank of Abu Dhabi
(NBAD), has joined NASDAQ Dubai.
Membership in NASDAQ Dubai allows ADFS clients to trade securities on the
region’s international exchange. ADFS is a leading brokerage company in the UAE
with over a decade of experience in the local and regional markets.
"We are delighted to be able to link our retail and institutional clients to the
opportunities provided by NASDAQ Dubai’s market. Our clients are now able to
trade NASDAQ Dubai securities in exactly the same way that they already trade
on the Dubai Financial Market,” said Aymen Samawi, the Managing Director of
ADFS. “As the financial outlook continues to improve in the UAE and across the
region, we aim to work with the exchange in the interests of investors and the
expansion of the region’s financial sector.”
Jeff Singer, Chief Executive of NASDAQ Dubai, said: "We look forward to working
with ADFS as it links new investors to the exchange, adding to the momentum we
have achieved since our consolidation with DFM in July 2010. The arrival of ADFS
on our market supports our plans for growth in 2011.”
NASDAQ Dubai outsourced its trading, settlement, clearing and custody functions
for equities to DFM in July 2010, as part of a strategy to merge DFM’s individual
investors into one liquidity pool with NASDAQ Dubai’s institutional investors.
Abu Dhabi Financial Services LLC (ADFS) is a wholly owned subsidiary of National Bank
of Abu Dhabi and is one of the top primary brokerage service providers in the UAE. ADFS
commenced business in 1986 as the shares department of NBAD and has since evolved into
independent entity which is regulated by the Securities and Commodities Authority. The
Company is a market-focused, process-centered institution that offers retail, High Net
Worth Individuals and both local and foreign institutional clients innovative and professional
services across the brokerage business.
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 equities, equity derivatives,
exchange-traded commodities, structured products, Sukuk (Islamic bonds) and conventional
The majority shareholder of NASDAQ Dubai is Dubai Financial Market (DFM) 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, visit www.nasdaqdubai.com.