DFM welcomes high level Delegation of senators from TheRepublic of Nigeria
The visit stemmed from Nigeria’s enthusiasm to replicate Dubai’s success story as an international financial hub
Dubai, 2nd June 2013: Dubai Financial Market (DFM) received a high level delegation of senators from The Republic of Nigeria, who met with Mr. Rashid AlShamsi, Vice Chairman of DFM (PJSC) and other DFM senior officials. The visit aimed to explore areas of mutual cooperation.
Headed by Dr. David A.B. Mark, President of the Nigerian Senate, the delegates attended a presentation on market operationsand development initiatives presented by Mr. Jamal Alkhadhar, Senior Vice President, Head of Human Resources and Strategic Planning Division in the presence ofMr. Hassan Al Serkal, Executive Vice President, Head of Operations, along with other DFM officials.The visit included a tour of DFM’s trading floor.
The Nigerian delegates expressed interest in exploring the possibility of benefiting from Dubai’s experiences as the African country is looking to replicate the emirate’s success story as a global financial center, and transform its financial sector into a key driver of growth.
Mr. Rashid AlShamsi, Vice Chairman of DFM said: “DFM is delighted to welcome the visiting delegation. We are always keen to develop close relationshipswith other countries and contribute to their development and growth through sharing Dubai’s experiences and success in various sectors, with the financial sector at the forefront. The visit represented a great opportunity to update the delegation on the sound economic fundamentals in Dubai and the role of the emirate as a global financial hub and a gateway to the Middle East markets.”
“The key message we conveyed to the delegates was that success should stem from a clear vision and firmness and ability. Dubai has been blessed with the inspiring vision,capability and risk takingbyHis Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, the driving force behind its successes and achievements”, Al Shamsi added.
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About Dubai Financial Market: Dubai Financial Market (DFM) was established as a public institution with its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFM became a public joint stock company. Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited.
For further information, please contact:
Atef Fathy
Vice President- Media & Public Relations
Dubai Financial Market
Tel: 04-3055334
Email: