sharebroker
I am a highly experienced professional. I am looking for sposnsors / investors interested in seting-up or developing business in shares / stocks / commodities / futures / options etc. in Dubai or other emirates
Thanks
sharewadi
What kind of business?
To trade local shares, you probably need to be here to set up an account (and have a residence visa).
To be a stock broker, I think you need AED 50 million capital and speaking Arabic would be important (it's probably a requirement).
For other markets, search for information about DIFX, DGCX...
sharebroker
Was told by helpdesk people at DFM that investor number can be obtained even without a resident visa but copy of the passport need to be provided. (I do not a trade in DFM). Further as per my info the shares can be purchased only upto the level allowed for non nationals, if at all the limit is still not reached.
Would be happy to know further details on this.
fayz
Read this thread it will help you i think.
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The stocks that are allowed for outsiders are allowed up to a certain level, that can be between 20 and 49%.
Hope that helps and good luck.
sharewadi
- sharebroker wrote:
Was told by helpdesk people at DFM that investor number can be obtained even without a resident visa but copy of the passport need to be provided.
Good to hear, I didn't know that.
Quote:
- (I do not a trade in DFM). Further as per my info the shares can be purchased only upto the level allowed for non nationals, if at all the limit is still not reached.
Would be happy to know further details on this.
If you don't trade DFM, then you're looking at ADSM?
Most foreign ownership proportions are well below the limit (ARTC is the only one I remember that's at the limit).
Here's a list that allow foreign ownership - up to date as of late 2005, there's a few more since then. More up to date list is at . Occasionally shares say foreign ownership allowed but it's restricted to GCC nationals.
Quote:
- DFM shares and stocks
AMLAK - Amlak Finance
ARIG - Arab Insurance Group BSC
ARMX - Arab International Logistics
ARTC - Arabtech Construction
DIB - Dubai Islamic Bank
DIC - Dubai Investments
EMAAR - Emaar Properties PJSC
GLOBAL - Global Investment House
IFA - International Financial Advisors
SHUAA - Shuaa Capital
TABREED - National Central Cooling Company
UPP - Union Properties
ADSM shares and stocks
ADCB - Abu Dhabi Commercial Bank
DSB - Abu Dhabi Ship Building - foreign ownership to 25% (pending)
BILDCO - Abu Dhabi National Co for Building Materials - foreigners can own up to 25%
BOS - Bank of Sharjah
CBI - Commercial Bank International - foreign ownership to 20%
CIB - Commercial International Bank (Egypt) SAE - foreign ownership limit unknown
DANA - Dana Gas - foreign ownership limit unknown
FGB - First Gulf Bank - foreign ownership 15%, may increase to 30% EGM 02 October 2005
FOODCO - Abu Dhabi National Foodstuff Company - foreign ownership up to 49%
GCEM - Gulf Cement Co - foreign ownership to 49%
GMPC - Gulf Medical Projects Co - foreign ownership to 49%
INVESTB - Invest Bank - foreign ownership up to 20%
JULPHAR - Gulf Pharmaceutical Industries - foreign ownership to 49%
NBAD - National Bank of Abu Dhabi - foreign ownership to 25% (from January 2006)
NBS - Sharjah Islamic Bank - foreign ownership to 20%
OILC - Oasis International Leasing Company - foreign ownership up to 49%
PALTEL - Palestine Telecommunications Co - foreign ownership limit unknown
QTEL - Qatar Telecom - foreign ownership to 100%
RAKBANK - National Bank of Ras Al Khaimah - foreign ownership limit unknown
RAKCC - Ras Al Khaimah Cement Co - foreign ownership to 49%
RAKCEC - Ras Al Khaimah Ceramics - foreign ownership to 49%
RAKWCT - Ras Al Khaimah White Cement Co - foreign ownership to 100%
RAKPROP - RAK Properties shares commence trading on ADSM Sun 30 Oct 2005
RAPCO - Ras Al Khaimah Poultry Co & Feeding Co - foreign ownership to 49%
SCIDC - Sharjah Cement & Industrial Development Co - foreign ownership to 49%
SUDATEL - Sudan Telecom Co Ltd - foreign ownership to 100%
UAB - United Arab Bank - foreign ownership to 49%
UCC - Union Cement Company - foreign ownership to 49%
UNB - Union National Bank - foreign ownership up to 40%