DUBAI, United Arab Emirates, Sept. 16, 2015 /PRNewswire/ -- SDKA International, a global resources firm dedicated to financing, production, refining, processing, transportation, storage and supply of a broad range of commodities, announces the incorporation of its license and registration under the Dubai Multi Commodities Centre (DMCC) and Dubai Diamond Exchange (DDE) through subsidiary SDKA Diamonds DMCC.
"The incorporation of the SDKA Diamonds DMCC platform was in response to the current liquidity squeeze being felt throughout the diamond industry. SDKA Diamonds DMCC will opportunistically exploit near term stress across the diamond industry by providing significant liquidity to the downstream and middle market sections of the diamond industry value chain," remarked SDKA Diamonds DMCC CEO Raisaka Masebelanga. "SDKA is likely to continue to follow its acquisition business model in the sector."
The regional equivalent of the London Metal Exchange (LME) and New York Mercantile Exchange (NYMEX), DMCC was established in 2002 by the Government of Dubai to provide the physical, market and financial infrastructure necessary to create and maintain a thriving commodities marketplace. The DMCC is officially designated as the largest Free Zone in the Middle East and North Africa (MENA) with hundreds of internationally recognized registered companies under license and authorization.
The DDE, a DMCC platform, is the only diamond and colored stones trading platform in the MENA region. With a strict code of ethics, the DDE is the only MENA region bourse registered with the World Federation of Diamond Bourses (WFDB).
"Affiliation with the DMCC and DDE gives SDKA Diamonds DMCC unprecedented access to the booming supply markets of sub-Saharan Africa," noted Mr. Masebelanga. "Our membership will bolster our rapid growth and help spearhead SDKA's entry into the dynamic diamond market."
About SDKA International:
SDKA International is a multinational company based in the UAE with offices in New York, Dubai, Johannesburg and Abu Dhabi. The firm has a global presence in the financing, production, refining, processing, transportation, storage and supply of a broad range of commodities. SDKA International's mission is to provide a reliable and competitive service to its partners and suppliers. For more information on SDKA International visit www.sdkainternational.com.
SOURCE SDKA International