eToro has enhanced its platform by partnering with the
Dubai Financial Market (DFM) in an agreement that allows the fintech firm’s
users to access stocks of some of the companies listed on the DFM. According to the firm,
this move offers users the opportunity to tap into one of the Middle East’s
financial markets.

Diversifying Investment Portfolios

According to eToro, the integration of DFM stocks into its platform provides users with access to 10 companies. These companies
operate across a wide range of sectors, including real estate, banking,
utilities, logistics, and transport.

Among the top stocks now available are major players
such as Dubai Electricity & Water Authority, Emaar Properties, and
Dubai Islamic Bank. Collectively, these companies reportedly have a market
capitalization exceeding USD 124 billion, positioning them as key assets within
the regional market.

Commenting about the partnership, Jason Hughes, the
Senior Executive Officer at eToro Middle East, mentioned: “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.”

Facilitated by Arqaam Capital

“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.” Arqaam Capital, a Dubai-based specialist in emerging markets, facilitated the addition of DFM stocks to the eToro platform.

“The addition of DFM-listed stocks to the eToro
platform aligns with our mission to promote the 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,” Khalifa Rabba, DFM’s Chief Operating Officer,
added.

Last month, eToro expanded its UK stock offerings in
collaboration with the London Stock Exchange. According to the company, this partnership could double the number of LSE-listed shares available to eToro’s users, including its registered British investors.

This article was written by Jared Kirui at www.financemagnates.com.

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