Generation Start-up: How amana aims to be the Robinhood for Mena retail investors - News Summed Up

Generation Start-up: How amana aims to be the Robinhood for Mena retail investors


The Dubai-based investing and trading platform offers an assortment of assets, including local shares, international shares, exchange-traded funds, commodities, foreign exchange and cryptocurrencies. Amana Financial Services is regulated by the Dubai Financial Services Authority, while the amana app is now pending final approval by the regulator. The median age of app users is 31 years old, and amana caters to both retail and institutional customers, he says. Chris Whiteoak / The NationalUsers do not need to pay for access to the amana app. To date, through the amana app, more than 80 per cent of all Mena shares are bought fractionally.


Source: The North Africa Journal June 12, 2023 04:51 UTC



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