Middle East-focused brokerage firm Daman Markets has signed a sponsorship deal with the iconic 1000 Miglia Experience UAE, FinanceFeeds has learned.
This classic car rally, inspired by Italy’s renowned “Mille Miglia,” will take place across the UAE on December 1, 2023. The event will feature 120 rare vintage cars cruising through famous routes across the country and concluding with an awards ceremony in Abu Dhabi.
During the event, Daman Markets will host a VIP lounge and booth, where attendees can interact with the company’s team and learn more about their trading services. The booth will also feature appearances by public figures such as Moattsem Al Nahar, Sultan Hamdi, Francois Habchi, and others, some of whom will drive rally cars sponsored by Daman Markets.
Speaking about the sponsorship, Samer Mourched, CEO of Daman Markets, said: “Our aim is to bring the same focus and precision from the racetrack to the financial markets. Sponsoring this iconic rally underscores our commitment to driving traders forward by combining classic tradition with modern innovation. We are thrilled to part-take in the 1000 Miglia Experience as an official sponsor, representing our dedication to excellence and our passion to help traders succeed in the ever-evolving financial markets.”
The sponsorship comes barely a month after Daman Markets signed on as an Official Event Partner with Dubai Racing Club (DRC) for the 2024-25 racing season, a notable move for the financial trading brand associated with Daman Securities.
The partnership is bringing some exciting new ideas to the table, like exploring horse tokenization to give their crypto-focused clients unique ways to get involved.
UAE-based Daman Securities and Advanced Markets have recently stepped up their strategic partnership with plans to spin off Daman Markets as an independent entity.
As part of this collaboration, Daman Securities leverages Advanced Markets’ capabilities to offer over-the-counter margined derivative contracts, including CFDs and spot FX trading, under the brand name Daman Markets.
Having built a reputable presence in the UAE and the broader GCC region over the past 27 years, the alliance with Advanced Markets allows for greater transparency in pricing, improved execution speed and lower transaction costs.
