IBMC Group, US firm sign MoU

IBMC Group and the US-based Online Trading Academy (OTA), a world leader in investor education on Saturday signed an MoU to offer the first certified course on trading in Indian stock markets in Dubai. The course offered for the benefit of Non-resident Indians (NRIs) and foreign nationals, the latter who can now trade in Indian scrips and debt instruments through the recently opened up Qualified Foreign Investor (QFI) route. In a statement after the two entities signed a MoU, the partners said the initiative will have a far reaching impact as the course will equip the increasing number of overseas investors in India stock markets trade professionally as well as with cutting-edge skills. Foreign nationals who are keen to invest in Indian stock markets will also find the course rewarding as it teaches the nitty gritty of trading in Indian stocks. The Government of India recently opened up the Indian stock markets to foreign nationals including UAE nationals through the QFI route. “IBMC Group is happy to associate with Online Trading Academy and this initiative will be highly beneficial to the UAE national investors and other expats keen to invest in Indian stock markets in a better way through QFI and PIS route,” said Hazza Mohammed Al Dhaheri, Chairman, IBMC Group. IBMC Group, the only exclusive service providers for both Qualified Foreign Investor and Non-resident Indians investments to Indian Markets also holds the credit of opening the first QFI account to India. The group said that course will allow investors reap the best out of the Indian stock market investment opportunity. Tareq Abu Hantash, General Manager of Online Trading Academy Dubai, said: “We are very happy to have established such a valuable partnership with IBMC as we are certain that it will be very beneficial for both parties and our graduates.” “IBMC Group has made all arrangements to provide professional support to Online Trading Academy. IBMC greatly values education for its clients and this course will give great insight to the global investors on Indian investments,” said Sajith Kumar PK, Director & CEO of IBMC Group and JRG International. “IBMC Financial Professionals also support Online Trading Academy and its students to utilise maximum facility from IBMC Group,” added Sajith Kumar PK. The MoU was signed by Al Waleed Al Dryaan, Chief Executive Officer, Al Khaleej Training and Education Company, Chairman Online Trading Academy Dubai, Tareq Abu Hantash, General Manager, OTA Dubai, Hazza Mohammed Al Dhaheri, Chairman, IBMC Group, Sajith Kumar P K, CEO, IBMC Group in the presence of international delegates, dignitaries and media. From Gulf Today