Page 202 - SALIK PR REPORT AUGUST 2024

8/21/24, 12:09 PM DFM Seeks To Widen Investor Base With Etoro Partnership
diverse selection of top DFM-listed companies, expanding investment horizons and
enhancing the trading experience.

eToro users will be able to invest in top DFM 10 stocks like Dubai Electricity & Water Authority

(Dewa), Emaar Properties, Dubai Islamic Bank, Emirates NBD, Emaar Development, Gulf
Navigation Holding, Ajman Bank, Commercial Bank of Dubai, Salik, and Air Arabia, which

have a combined market capitalisation of over $124 billion.

Jason Hughes, senior executive officer at eToro Middle East, said:“On eToro, users can invest
in 20 stock exchanges, gaining access to global and emerging markets. The geographical

breadth of our stock offering aims to address the unique needs and preferences of our users
who wish to invest in foreign equities as well as their home market. By adding this initial
selection of DFM stocks, we aim to support the investment needs of our UAE investors as we

continue to develop tailored solutions for the region. We are grateful for the collaboration with
DFM and look forward to providing investors worldwide with access to participate in the UAE's

growth story.”

Khalifa Rabba, chief operating officer, Dubai Financial Market, said:“At DFM, we are
dedicated to broadening market accessibility and attracting a diverse range of investors for

our listed companies. The addition of DFM-listed stocks to the eToro platform aligns with our
mission to promote growth and development of our financial market. We remain committed to

supporting initiatives that drive this growth and provide global investors with seamless access
to robust investment opportunities in Dubai.”

The addition of DFM stocks onto the eToro platform is facilitated by Dubai-based emerging
markets specialist Arqaam Capital.

According to eToro projections, the UAE's key sectors such as real estate, banking, utilities,

and logistics & transport are expected to continue their strong growth trajectory, driven by
robust economic fundamentals and increasing demand.“We believe that by offering our users

access to these thriving sectors, they can tap into the UAE's dynamic economic landscape
and benefit from the growth opportunities it presents,” Hughes told Khaleej Times.

Jason Hughes, Senior Executive Officer, eToro ME

Hughes said eToro's partnership with DFM reflects“our strong belief in DFM's potential to

evolve into one of the world's leading capital markets”.“We see tremendous growth

https://menafn.com/1108581931/DFM-Seeks-To-Widen-Investor-Base-With-Etoro-Partnership 2/3