09 Jan 2012
(MENAFN) Dubai-based Arqaam Capital will acquire El Rashad Securities Brokerage from Al Rashad Holding to set a foot in the Egyptian market, Bloomberg reported.
Arqaam Capital seeks to benefit from a possible recovery in Egypt, after a year long political uprising which ousted President Hussni Mubarak.
Under the agreement Arqaam Capital will buy El Rashad’s business, operations and brokerage license.
Arqaam’s acquisition comes amid a decline in the number of brokers in the UAE, after regional instability and Europe’s debt crisis pushed the volume of shares traded in Dubai to a six-year low.
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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