Dubai, 20 August 2024 – eToro, the trading and investing platform, today announced its partnership with Dubai Financial Market (DFM), enabling eToro’s 38 million registered users to invest in 10 companies listed on the exchange. These DFM listed companies collectively boast the highest market capitalization and liquidity rates, spanning a broad range of sectors including real estate, banking and finance, utilities, public services, logistics, and transport.
This partnership aims to broaden investment opportunities for eToro’s user base and highlights the growing appeal of Dubai’s Financial Market. By integrating DFM stocks on the eToro platform, users can now diversify their portfolios with high-performing stocks from the region’s leading exchange. Through this strategic alliance, eToro users gain access to a 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 USD 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.
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About eToro:
eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have over 38 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre here for our latest news.
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 and became the first Islamic Shari’a-compliant exchange globally since 2007. 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, and its shares were listed on 7 March 2007 with the trading symbol (DFM). Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited. www.dfm.ae
For further information, please contact:
Noora Al Soori
Communications and Public Relations
Dubai Financial Market
Tel: +971 4 305 5437
E: nalsoori@dfm.ae
Disclaimer:
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This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.