Rasmala opens Abu Dhabi office

Dubai-based finance firm Rasmala yesterday said it has opened an Abu Dhabi office as a part of expansion plans in the GCC, following the recent opening of its Jeddah office.

"Rasmala Financial Brokerage offers brokerage services on the three UAE exchanges and allows us to better service our clients in Abu Dhabi. The capital of the UAE is a key market in the GCC and a very important market for Rasmala," Chief Executive Tamer Bazzari said in a statement.

"The office is expected to have 15 employees. The goal for the first year will be to strengthen the Rasmala brand and build relationships in the Abu Dhabi market place," said Khaled Masri, Head of Brokerage at Rasmala.

Rasmala also has offices in Riyadh, Cairo and Muscat, in addition to its head office in Dubai.