Abu Dhabi – Mubasher: Shuaa Securities, a leading brokerage firm by trading value in the UAE, has changed its name to International Securities.
This step came after International Holdings Company (IHC) had acquired the brokerage firm in 2019, according to a press release on Monday.
In 2020, the firm has achieved the highest trading value in the UAE, with a total volume of trading in the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) exceeding AED 57 billion.
The CEO and Managing Director of IHC, Syed Basar Shueb, said: "International Securities represents a successful homegrown company that has developed into a leading brokerage firm, and we see significant value potential in continuing to grow their business under the new name."
Meanwhile, the CEO of International Securities, Ayman Hamed, commented: "Throughout the years, International Securities has been known for our quality, bespoke offerings, utilising the latest in technology to ensure we remain at the forefront of the capital markets in the region and deliver on our promise of putting customers first."
