EQS Group AG (ISIN: DE0005494165) continues its geographic expansion, announcing today a new cooperation with Dubai-based Investor Relations advisory firm Iridium. This partnership will ensure companies in countries such as the United Arab Emirates, Qatar, Saudi Arabia, Kuwait, Oman, Bahrain and Egypt will now benefit from the unique digital investor relations solutions offered by EQS Group.
The Middle East, boasting over 1,000 publicly traded companies, offers tremendous growth potential for EQS Group. This year alone 30 companies are set to go public on the regional stock markets. Alongside established markets in the region Dubai and Doha EQS will set its sights particularly on Saudi Arabia as a market for the partnership as Riyadh, the largest financial center in the region with a market capitalization of over 500 billion US Dollars, which is now open for the first time to foreign investors. The anticipated new regulations and transparency requirements in the Arab region as a whole make it an ideal environment for the international best practice solutions from EQS Group AG.
Oliver Schutzmann, CEO of Iridium Investor Relations said: “In EQS Group we have found a strong partner already setting the benchmark with its innovative premium products in the German speaking region, Russia and Asia. Our partner makes a central contribution to reliable and transparent communications in the market. What unites us is our common goal to offer customers the potential to increase the international scope of their communications with investors and achieve a measure of efficiency not seen previously.”
Achim Weick, CEO of EQS Group AG said: “We are delighted that now, thanks to Iridium's large network and strong expertise in the region, we can offer our One-Stop-Shop for investor relations to companies in this booming economic region. Our products perfectly compliment Iridium's quality approach, providing customers with an optimized and automated process stream for professional corporate communications.”