Dubai's Greenstone secures licence to promote financial products

Greenstone Equity Partners has acquired a licence to promote financial products and foreign securities from the UAE's regulator.

The licence will allow Greenstone to carry out fund placement activities for its clients by registering funds with the Securities and Commodities Authority (SCA) and providing international and local investment options for institutional and non-institutional investors in the UAE.

Alex Gemici, chairman of Greenstone Equity Partners, said: "Securing this prestigious licence marks a significant landmark in the growth story of Greenstone, cementing us as the leading placement firm for capital raising in the Middle East."

Greenstone stated that SCA has granted its subsidiary Greenstone Equity Partners Financial Products Promotion a licence to perform the activities of financial product promotion and foreign securities promotion. 

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