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Beltone begins market-making on Nasdaq Dubai

Beltone begins market-making on Nasdaq Dubai
The move aims at supporting liquidity in Orascom’s shares (Photo Credit: Nasdaq Dubai's Twitter account)

Dubai-Mubasher: Beltone Market Maker, a unit of Egypt’s Beltone Financial Holding, started providing market-making services in the shares of Orascom Construction on Nasdaq Dubai, according to a statement.

The move aims at supporting liquidity in Orascom’s shares, which are listed on Nasdaq Dubai in March 2015.

“Our market-making services benefit global as well as regional investors who wish to trade Orascom Construction shares on the Middle East’s international exchange,” Beltone’s Chairman Sameh EL-Torgoman said, adding that “we look forward to market-making other Nasdaq Dubai securities as well as the exchange attracts new listings from Egypt and elsewhere”.

“This trend benefits both issuers who wish to raise capital and investors seeking easy access to the shares of attractive companies on an exchange regulated to international standards,” according to Hamed Ali, CEO of Nasdaq Dubai.