Dubai Financial Market appoints Hamed Ahmed Ali as new CEO

0
99

Dubai Financial Markets board has appointed Hamed Ahmed Ali as the new chief executive after the exchange’s board reshuffle last week.

Mr. Ali previously worked as Deputy Director General and Director of Markets at DFM. He was also Managing Director of Nasdaq Dubai and COO of the Dubai International Financial Center.

It led the Nasdaq Dubai to become one of the world’s largest stock exchanges for sukuk listings and the largest exchange in the Middle East for sukuk and US dollar-denominated bond listings, DFM said.

The new Managing Director also led the expansion of existing markets and activities on both exchanges and developed new areas of growth, building on the synergies between DFM and Nasdaq Dubai.

The board appointed him to the top position in the effort to hold new leadership accountable, citing his considerable experiences and accomplishments in the capital markets industry.

Last week, Dubai appointed a new board of directors for DFM headed by Helal Saeed Al Marri.

The new board is tasked with developing plans and strategies to spur growth and double the size of Dubai’s financial markets to 3 trillion dirhams ($ 816.7 billion), the Dubai government media office.

The newly elected council held its first meeting on Monday.

The DFM is well positioned to strengthen its dynamic role given its world-class infrastructure and regulations as well as its highly skilled team, noting that Emirati talent represents the vast majority, Al Marri said.

It is imperative that we work together to realize the leadership’s vision on the development of Dubai’s capital markets.

The Board of Directors has formed a new Compliance Committee in charge of market regulation in accordance with international best practices. It also approved the establishment of other committees, including an audit committee, an appointments and remuneration committee and an investment committee.

Dubai is looking to boost its stock market and attract more listings as it seeks to tap a growing appetite for initial public offerings in the region.

The emirate has revealed its intention to list 10 state-owned companies as part of its strategy to increase the size of the financial market. The Dubai Water and Electricity Authority, the government-owned utility company, will be the first government entity to make the DFM public in the coming months, Deputy Prime Minister and Minister of Finance Sheikh Maktoum bin Mohammed said last week on Twitter.

The government has also approved a market maker fund worth 2 billion dirhams to encourage listings in sectors such as energy, logistics and retail.

The DFM stock exchange, which has risen more than 24% since the start of the year, is currently dominated by financial services and real estate companies.

Update: November 9, 2021, 5:17 a.m.

Sources

1/ https://Google.com/

2/ https://www.thenationalnews.com/business/markets/2021/11/08/dubai-financial-markets-board-appoints-hamed-ahmed-ali-as-stock-exchanges-new-ceo/

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn’t remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don’t have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. “Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices”, said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos