JSE welcomes new Dubai based equity member
January 23, 2014
Johannesburg, 22 January, The JSE has welcomed Arqaam
Capital, a specialist emerging markets investment bank headquartered in Dubai,
as its newest equity member.
“We are excited to welcome Arqaam Capital as the newest equity member of the
exchange. Not only is Arqaam Capital well respected for its proven track record
of success in emerging markets across North Africa and the Middle East, it is
also the first brokerage to join the JSE from the Gulf region. We see their
membership as another step in strengthening the JSE’s relationships with
financial market players in other emerging markets,” says Leanne Parsons,
Director of the JSE’s Equity Market.
Riad Meliti, CEO of Arqaam Capital,
says the bank is delighted to have joined the JSE and to enter the South African
market. “To our over 700 mature market and MENA investors, Arqaam South Africa
offers exposure to African stocks. By introducing African market opportunities
to these clients Arqaam will attract new investment into continental markets.”
The JSE believes that Arqaam Capital joining the exchange goes a long way in
showing confidence and an appetite for investment by investors in other emerging
markets and the recognition of the potential offered by the African continent.
The JSE continuously aims to act as the investment bridge to African
opportunities whilst providing JSE listed companies with the opportunity to gain
access to capital from a wider pool of international investors.
Arqaam Capital’s introduction as a member onto the JSE is the company’s first
expansion into Africa due to an overwhelming demand from its clients for
investment opportunities in South Africa and the rest of the continent.
Parsons says the JSE is looking forward to working with Arqaam Capital on
potential new initiatives in selected emerging markets in MENA and other
About JSE Limited
As South Africa’s only
full service securities exchange, the JSE connects buyers and sellers in five
different financial markets, namely equities, equity derivatives, commodity
derivatives, currency derivatives and interest rate products. The JSE Ltd offers
the investor a truly first world trading environment, with world class
technology, surveillance and settlement in an emerging market context. It is
amongst the top 20 largest equities exchanges in terms of market capitalisation
in the world.
For further information, please contact:
H+K Strategies South Africa
Tel: +27 11 463 2198
+27 82 381 0635