Etoro Expands Investment Portfolio to Include Shares from the Dubai Financial Market
eToro Expands Investment Portfolio with Dubai Financial Market Stocks
Fintech users now have the opportunity to invest in Dubai’s best DFM-listed companies. Dubai-based emerging markets specialist Arqaam Capital helped broker the deal.
eToro’s platform has been expanded by partnering with the Dubai Financial Market (DFM). Through an agreement, the fintech company’s users will be able to access the shares of some companies listed on the DFM. According to the company, this move will enable users to tap into the financial markets in the Middle East.
Diversification of investment portfolios
According to eToro’s platform, with the integration of DFM shares, users will be able to access 10 different companies. They operate in numerous industries, such as real estate and banking. Transportation, logistics and utilities.
The best stocks available today include major players like Emaar Properties and Dubai Electricity & Water Authority. These companies form a common market with a capitalization of USD 124 billion and are one of the most important assets in the regional market.
Commenting on this partnership, Jason Hughes, Senior Executive Officer at eToro Middle East said: “At eToro, users can invest in 20 exchanges and gain access to emerging markets. Our offering is geographically diversified to meet all our clients’ needs.”
By adding this selection first we will continue supporting our UAE investors and their investment needs,” said Hughes. “We are grateful for access to UAE’s growth story.”
Arqaam Capital facilitates the process
Dubai-based Arqaam Capital facilitated listing of DFM shares on eToro.
Khalifa Rabab Chief Operating Officer of DFM said: “The listing of DFM-listed stocks on eToro platform is in line with our mission promoting growth and development for our financial market.”
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In addition, eToro also continues its expansion in Asia. The company has made many inroads into the area over the last year and plans to continue on this trajectory moving forward. The aim is to further integrate their global operations across all areas, including Asia.