BSFF Chairman Syed Mahmudul Huq presided over the workshop.
An MoU was signed between BFSA and BSFF during the workshop.
In March, Bemo Securitization (BSEC) and BSFF announced two private placements of debt for the amounts of $21 million and $25 million for Dubai-based regional drilling rig subcontracting company Sakson Petroleum Services Holding, which they had been contracted to secure.
The total of $46 million in financing brought Sakson's rig arsenal up to 10, seven of which are owned by the company and three of which are rented, according to the BSEC and BSFF team (see box).
As lead IPO manager, BSFF, will act as the main liaison between Al Baraka Bank-Syria, the Syrian Commission on Financial Markets & Securities (SCFMS) and the participating subscription banks.
BSFF was the first brokerage company to execute a buy order marking the beginning of trading operations at the DSE, the statement said.
As Lead IPO Manager, BSFF
will act as the main liaison between Al Baraka Bank-Syria, the Syrian Commission on Financial Markets & Securities (SCFMS) and the participating subscription banks.
Alaa Abu Al Aish, marketing and sales manager at SSC, said:" We are proud to be the brokerage solutions provider of BSFF. We look forwarding to meeting all ongoing requirements and to meet the future developmental needs of our systems as the market evolves."
The inauguration of the Damascus Securities Exchange is a key turning point in the Syrian Economy, giving BBSF the opportunity through its subsidiary BSFF to widen its services and to maintain its distinction as the first private bank in Syria and the first licensed brokerage company to receive DSE membership benefiting from SSC's interoperability and customizable solutions, proven time and time again.
Managed by BSFF
, a total 325 investors subscribed through one of three participating Syrian banks including BBSF, the International Bank for Trade and Finance (IBTF), and Arab Bank-Syria (ABS).