Al Ramz Capital gains short selling licence 24 November 2017Abu Dhabi Reporter: Jenna Lomax
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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: “Al Ramz strives to bring the highest global market practices to the United Arab Emirates, and technical short selling will enhance the company’s product services focusing on superior customer experiences."
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