ACM Middle East Announces Capital Hike to Dh100 Million

DUBAI — ACM Middle East and Asia CEO Saber Daboussi announced that shareholders of the Swiss-based leading online currency trading firm have endorsed an additional capital raise of Dh36 million during their latest
 general assembly.

Read more...

Published: Sun 1 Nov 2009, 11:05 PM

Last updated: Sun 5 Apr 2015, 9:50 PM

The capital increase raises the company’s overall share capital to Dh100 million (CHF30 million), a move financed solely by existing shareholders and aimed at fuelling the company’s expansion strategies in the region and other emerging markets.

Daboussi manages ACM’s operations in the Middle East and Asia, a region which has contributed significantly to the award-winning FX trading firm’s global bottomlines, accounting for 30 per cent of the firm’s volumes worldwide.

business@khaleejtimes.com

Published: Sun 1 Nov 2009, 11:05 PM

Last updated: Sun 5 Apr 2015, 9:50 PM

Recommended for you