Dubai Investments, listed on Dubai Financial Market (DFM) has acquired an additional 7.68% equity stake in Monument Bank Limited, a UK Based Digital Bank. The recent investment, conquest to daily approvals will raise the UAE-based group’s holding in the bank from the initial interest of 9.25% to 16.93%. This move comes a month after the investments were acquired in Dubai with an initial stake in January. 

Khalid Bin Kalban, Vice Chairman and CEO, said in a statement about the Dubai investments that the move freezes the presence of the group in the digital banking landscape and creates the path to promote international collaborations. 

Ian Rand, the CEO of Monument Bank said that the growth of the bank has been skilled by providing a wealthy segment for the overlooked segment in the UK with the idea of extending to other markets.

The growth of the business is going to speed up with the saving balance which is more than 700 million British pounds ( $859.2 million ), 383% reach until now. Their proposition and the better quality service inspired many wealthy clients with an average amount of more than $60,0000…

Now, the Monument Bank ended its Series B round of investments after reaching more than $40 million. 

UAE-based investment company 

This UAE-based Dubai investment company was established in 1995. From that, it plays a major role in the economy of Dubai and the UAE, with wise investment in different sectors and markets all over the world like investments in real estate, industries, finance, healthcare, and education. This Dubai investment has 15,553 shareholders with an equity capital of AED 4.25 billion. Through these businesses, this Dubai investment company has authorized communities that drive better reach on all outsides.

Dubai Financial Market 

Dubai Financial Market speeds up the wealth and business in a green manner and it is a global destination for every company. 

It provides economic growth all over the region and also the investors with access to highly ranked product offerings and profit-making investment opportunities. 

They have also created the best fundraising opportunity for the leading issues from a range of sectors. 

Mission:

Their mission is to add more value and spread DI’s investment index through citizenship in corporate, financial engineering, relationship networks, and resources in finance.

Trade in 3 steps:

You can apply to trade in both the Dubai Financial Market and Nasdaq Dubai which lists some securities steps easily.

 

  • First, you need to apply for a Dubai Financial Market investor number which is NIN
  • Second, you will receive that number through the DFM mobile app or from the DFM licensed brokerage. 

The three steps: 

  1. Appoint a Broker- to carry out the transactions of buying and selling. The brokers offer different products and services, and some of them will offer every digital onboarding experience. 
  2.  Start Trading – after appointing a broker, they will provide options like starting the trading through mobile or online platforms. 
  3. Track Your Portfolio – 

Real-time Data: you need to check the recent trades and amount changes on the DFM app or Market Watch. 

iVestor Card: you need to apply for an iVestor card and provide access to controls and online statements via the DFM App. 

Portfolio: check the stock portfolio and transaction details online with 24/7 access. Do view all the statements with up-to-date information details through the DFM App.