It gives us great pleasure to share the October 2023 issue of Daman’s Monthly Review, Asset Allocation & Outlook. Highlights of the month:1. Risk assets witnessed a steep decline due to rise in 10-year US treasury real yield and geopolitical escalations2. Stronger than expected economic data in US and increased supply of treasuries drove higher […]
Daman Investments PSC (“Daman”) is a private joint stock company operating under the regulation, control and supervision of the Securities & Commodities Authority of the UAE (“SCA”). Daman is licensed and authorised by the SCA- License Number-301043 for the conduct of the following financial activities: (i) Portfolios Management (Category 2- Dealing in Investment); (ii) Investment Fund Management. (Category 2- Dealing in Investment); and (iii) Promotion (Category 5- Arranging and Advice).
Daman was registered in the Commercial Register on 14 November 2006 as a Private Joint Stock Company with registration number 1001646. Daman is incorporated in Dubai, UAE and operates as an independent entity licensed. Daman’s issued share capital is AED 268,823,500. Pursuant to SCA guidelines, Daman’s capital adequacy ratio must demonstrate a strong capacity to absorb unforeseen losses by having significant and sufficient capital reserves.
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Daman Investments is regulated by the
Emirates Securities and Commodities Authority (SCA).
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