Rasmala, RBS To Jointly Conduct Equity Research On Middle East Firms
Published: 08-Feb-2010
Rasmala Investment Bank (Rasmala) and RBS Group have signed an agreement to produce equity research on a number of shares listed on Middle Eastern stock markets.
Reportedly, Middle Eastern companies have been enjoying international attention over the last few years, spurring investor demand for transparent and accurate information about regional market activities. Rasmala and RBS will conduct research covering several sectors and listed companies on Middle East stock markets to respond to this demand.
Rasmala-RBS Research is expected to cover 50 to 60 stocks within 12 to 18 months from its launch scheduled for April 2010.
Simon Penney, head of global banking and markets division at RBS in Middle East & Africa, said: "RBS is actively expanding its Equities product offering in the region. This strategic partnership will complement our existing strengths in corporate advisory, capital markets, treasury and trade finance. Joining forces with Rasmala demonstrates RBS' continued focus and commitment to the Middle East & Africa business."
Tamer Bazzari, CEO of Rasmala, said: "The alliance with RBS will ensure that our clients receive high quality research on companies listed in the Middle East combining Rasmala's deep regional knowledge with RBS' international experience. With the development of Middle East capital markets, international institutions will become steadily more active in the region, and this alliance will enable both of us to serve them better."
Zafar Alam, head of equities and structured retail at RBS in Middle East & Africa, said: "We are confident that Rasmala's regional footprint and expertise in equity research and brokerage will provide comprehensive insight into Middle East listed companies to benefit international investors and institutions."
Network Sites

Suppliers To This Sector
Browse A-Z
Advent Software
Investment Management Applications ...
BWise
Governance, Risk and Compliance (GRC) Management Software ...
fidis
Software and Services for Factoring and Asset Backed Securitisation ...
Professional Computer Services (PCS)
Banking Software Solutions ...
Xenomorph
Data and Analytics Management ...
White Papers
Browse A-Z
Use of Voice Biometrics in Smart Card Applications
Many organisations have implemented or are looking into smart card solutions. The objectiv ...
Tower Group Report: Global Exchange Consolidation
This 12-page TowerGroup report analyses the rapidly consolidating exchange market, examine ...
To Protect and Detect: An Evaluation of Compliance System Requirements for the Securities Market
Many financial services firms have been failing to comply with post MiFID Regulations and ...
The Value of Process Management in GRC
In this white paper, the value of Process Management in GRC is discussed. Four main aspect ...
The Value of a Comprehensive Integration Solution
Many enterprises are currently spending more on integration-related projects than they nee ...
The Role of Continuous Controls Monitoring and Auditing in GRC
A business in control is the starting point for most people in business. Without being in ...


Delicious
Digg
LinkedIn
Reddit
Stumble
Viadeo
Mail sent successfully