Leading UAE-based securities broker Shuaa Securities has rebranded to International Securities following a merger by the International Holding Company (IHC).
Shuaa Securities holds a strong market base in the United Arabs Emirates and is based in Abu Dhabi. According to the official announcement, the rebranding came after a successful acquisition by the International Holdings Company.
Currently, International Securities accounts for over 20% of the total market share, placing it among top brokers in the UAE. It is also regulated by the UAE’s securities and Commodities Authority. The firm specializes in equities and derivatives, which are listed on the ADX, DFM and NASDAQ Dubai.
In 2020, international Securities achieved high returns of $57 billion AED on the Abu Dhabi Securities Exchange (ADX). The total volume also includes returns made from the Dubai Financial Market. (DFM).
According to the CEO of International Securities Ayman Hamed, the firm will uphold its reputation of putting its customers first. It achieves this through offering quality services, customized packages and using the latest technology. These qualities place International Securities at the forefront of the capital markets in the UAE.
Hamed added that in 2021, the broker looks forward to another year of further achievements, new products, and services. These will be accomplished under a fresh brand and accelerated by the strength of the firm’s strategic partnership with IHC.
International Securities Plans to Expand Further Into the UAE
As the latest IHC acquisition, International Securities adds to the growing list of its new companies in the UAE region. According to IHC CEO and Managing Director Syed Basar Shueb, there is massive growth potential for IHC in the region.
“IHC’s Capital Business is one of our highest performing verticals and is an important pillar of our ambitious growth strategy.”
IHC also considers international Securities a successful homegrown company which has grown into a leading broker.
“We see significant value potential in continuing to grow their business under the new name.”
At IHC, their mission is to build a robust and diversified operating asset holding company through strategic acquisitions. Targeted companies are considered to be innovative and in growth-driven industries.
In Similar International Securities news, IHC also invested in other companies like Falcon CI IV LP, Oxford Nanopore and SpaceX.
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