CAIRO: Al Futtaim HC Securities (AFHC) recently secured an advanced position in the Dubai Financial Market (DFM), said a press statement.

According the latest financial reports, AFHC now hold the second highest position on the DFM – registering total trades amounting to 19,432 – even though a very short time has passed since their emergence on the markets.

AFHC is a joint venture company between Al Futtaim Group, one of the UAE’s leading business conglomerates, and HC Securities and Investment.

HC is one of the top-ranking financial services firms in Egypt, with activities ranging from investment banking and advisory services, asset management and securities brokerage.

AFHC was licensed in 2006 and began operations in both Dubai and Abu Dhabi in April 2007.