Shuaa Capital is third market maker on ADX

Abu_Dhabi2Dubai-based investment firm Shuaa Capital has become the third company to gain a market maker licence on the Abu Dhabi Securities Exchange (ADX). The National Bank of Abu Dhabi and Al-Ramz Capital already operate as market makers on the exchange. Rashed Al Blooshi, chief executive of the exchange, said the new market maker licence was aimed at diversifying the services provided to companies and investors. “It is also in line with our strategy of attracting and activating a wider range of investors,” he said. In April, the Dubai Financial Market admitted Shuaa Capital as a market maker as part of a scheme to improve liquidity on the exchange. “By providing listed companies with competitive price spreads and deeper liquidity pools, we look forward to helping them attract fresh capital whilst building on our long-standing reputation and track-record,” said Jassim Alseddiqi, chairman of Shuaa Capital. ©2017 funds global mena

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