Dubai-based Iridium, a leading investor relations advisory firm, has partnered with EQS Group, a Munich-headquartered provider of digital corporate communications, in a bid to expand its offerings in the region.

Companies in the GCC as well as Egypt will now benefit from the unique digital investor relations solutions offered by EQS Group, a statement said.

The Middle East, boasting over 1,000 publicly traded companies, offers tremendous growth potential for EQS Group.  This year alone 30 companies are set to go public on the regional stock markets.

Alongside established markets in the region Dubai and Doha EQS will set its sights particularly on Saudi Arabia as a market for the partnership as Riyadh, the largest financial center in the region with a market capitalization of over $500 billion, which is now open for the first time to foreign investors.

Oliver Schutzmann, CEO of Iridium Investor Relations said: “In EQS Group we have found a strong partner already setting the benchmark with its innovative premium products in the German speaking region, Russia and Asia.”

“Our partner makes a central contribution to reliable and transparent communications in the market. What unites us is our common goal to offer customers the potential to increase the international scope of their communications with investors and achieve a measure of efficiency not seen previously,” he added.

Achim Weick, CEO of EQS Group AG said: “We are delighted that now, thanks to Iridium's large network and strong expertise in the region, we can offer our One-Stop-Shop for investor relations to companies in this booming economic region. Our products perfectly compliment Iridium's quality approach, providing customers with an optimized and automated process stream for professional corporate communications.” – TradeArabia News Service