Al Ramz Capital gains short selling licence
24 November 2017 Abu Dhabi
Image: Shutterstock
Al Ramz Capital, a United Arab Emirates (UAE) investment manager, has become of the first firms in the region to be granted a short selling licence from Abu Dhabi Securities Exchange (ADX).
By allowing firms like Al Ramz Capital to obtain a a short selling licence, ADX looks to raise market turnover and attract more foreign investor participation across the Middle East region.
Marwan Shurrab, head of high-net-worth and retail equities at Al Ramz Capital, said: 鈥淎l Ramz strives to bring the highest global market practices to the United Arab Emirates, and technical short selling will enhance the company鈥檚 product services focusing on superior customer experiences."
By allowing firms like Al Ramz Capital to obtain a a short selling licence, ADX looks to raise market turnover and attract more foreign investor participation across the Middle East region.
Marwan Shurrab, head of high-net-worth and retail equities at Al Ramz Capital, said: 鈥淎l Ramz strives to bring the highest global market practices to the United Arab Emirates, and technical short selling will enhance the company鈥檚 product services focusing on superior customer experiences."
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