by Daman Securities LLC


Daman Securities LLC, a leading pioneer in the United Arab Emirates financial services industry since 1998, now offers over-the-counter margined derivative contracts including Contracts for Difference and Spot Foreign Exchange Trading under its brand name “Daman Markets”.

Daman Markets’ focus is to serve the growing forex trading community in the region. With its uniquely strong link to one of the most established and respected financial giants in the UAE, Daman Markets has access to deep sector knowledge and an insightful approach.

We are committed to excel as a leading Arab financial services company focusing on growth and offering value and safety to our clients.

Our Leadership

Shehab M. Gargash

Founder & Chairman


Dubai World Trade Center, Suite 1401,
P.O. Box 9436
Dubai, United Arab Emirates

For any questions or feedback, get in touch with us

Shehab M. Gargash ​

Mr. Shehab M. Gargash is a member of Dubai’s Gargash family, one of the leading business families in the UAE. The family has been actively involved in various businesses since 1918 with multiple interests that include automobile, real estate and investments. In 2016, Mr. Gargash oversaw the closing of a 9-year project to consolidate the family business, thereby creating a launch platform for the business as it enters its second century.​

​Mr. Gargash is the Managing Director & Group CEO of the Gargash Group. Mr. Gargash is also the Founding Chairman of Daman, a non-banking financial services company based in Dubai in the United Arab Emirates since 1998. Prior to establishing Daman, Mr. Gargash enjoyed a successful 12-year banking career in the UAE, initially with Citibank and later with Emirates Bank International (now Emirates NBD). Mr. Gargash serves as a Director on several regional boards. Mr. Gargash was a Board Member of the Commercial Bank of Dubai in the UAE (2011 – 2018) and also served as a Board member of Burj Bank in Pakistan (2006 – 2016). He currently also serves as a Board member of the Coutts & Co. Middle East Advisory Board, the Dubai Chamber of Commerce and Industry and the UAE-UK Business Council.​

Mr. Gargash is a frequent public speaker and a commentator on regional socio-economic issues and trends. He wrote a popular daily column in the UAE’s Al Ittihad newspaper from 1997 to 2008. Mr. Gargash is also an enthusiastic art collector and has established the Daman Middle East Art Fund which invests in Middle Eastern contemporary art and supports regional artists.​

Born in 1966, Mr. Gargash is married with four children. He holds an MBA and a BBA, both from the George Washington University in Washington, DC, USA.​

Ahmed Waheed ​

Ahmed Waheed is a seasoned business leader with over 15 years’ experience in financial markets and equity brokerage. He has extensive experience covering different products within the MENA and GCC region.​

To Daman, Ahmed brings his expertise in setting up new business lines and diversifying revenue streams through different asset classes. Prior to Daman, Ahmed was most recently Head Institutional Coverage at Menacorp, where he initiated, developed and executed new product lines, including launching Menacorp’s business in the Saudi Arabia market. Ahmed started at Menacorp as VP of its Institutional Trading Desk in Dubai. Before Menacorp, Ahmed worked in senior roles with leading MENA brokerage houses including Raddah Investment, Naeem Holding, CI Capital and Dynamic Securities Trading.​

Ahmed received his MBA from Hult International Business School, Dubai and has a BA in Economics from Cairo University. Ahmed is CISI certified.​

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