Derayah launches investment research portal
Riyadh, June 28, 2010
Derayah Financial has joined hands with 'Argaam Business Info', the parent company of Argaam.com, to launch “Abhath Derayah” an investment research and information portal for regional financial markets.
Derayah is a CMA certified investment firm based in Saudi Arabia that offers all investment alternatives in one site.
Recently the company had launched the largest market for mutual funds in Middle East which enables individuals to invest in over 85 mutual funds from 9 banks and investment companies.
The portal offers financial information and aggregated research from multiple firms covering all GCC stock markets, in addition to the Egyptian market.
The move is part of Derayah’s preparations for launching its integrated stock trading platform via the Internet for the Saudi and GCC equities, said its top official.
Mohammed El-Kuwaiz, managing director, Derayah Financial, said: 'Derayah provides, through its electronic research centre, all the necessary information related to companies listed on the GCC and Egypt stock markets. It also publishes comprehensive reports of financial companies and latest news.'
According to El-Kuwaiz, the publishing of the latest financial markets information was in concordance with Derayah principle of transparency and its vision of increasing investor awareness by fulfilling their needs and providing a full range of financial services for those interested in the stock trading in the Gulf region.
On the new tie-up, El-Kuwaiz said, 'We chose Arqam Business Info, as a strategic partner to launch Derayah Research, because of the synergy between us in our vision and strategic mission, which aims to enable the individual investor to control his own financial decisions, with transparency and full awareness.'
The new site will be divided into several sections: companies and markets reports, recommendations, financial research, IPOs, mid-term financial results, annual revenues, financial reports, graphs, and much more specialized reports for leaders and executives.
El-Kuwaiz said the Derayah research centre will allow investors in the region to benefit from a full range of the latest techniques for planning, which includes: analytical graphs of markets and companies performance, and the latest news and information services related to Gulf companies and the schedule of its general assemblies.
'Derayah will also allow visitors to its website a free access to Derayah Research, and to use free of charge the information provided, in order to contribute to the consolidation of investment culture that is based on scientific methods, instead of rumours and adventurism,' he added.-TradeArabia News Service