ADX is keen to support business development opportunities.
Business office, Gulf today
Abu Dhabi Securities Exchange (ADX) recently granted BH Mubasher Financial Services (BHM), a leading investment company in the UAE financial market, a short-term margin trading license, making it the first financial services company in the United Arab Emirates to offer service to its customers.
ADX is keen to support the business development opportunities aligned with its three-pillar “Shape the 20s” strategy of being reactive, transformative and innovative. Reactive refers to the constant improvement of customer engagement; transformative to facilitate investments that support long-term sustainable business development; and innovative is to achieve the most effective ways to reach new levels of customer satisfaction. The commercial license granted to BH Mubasher illustrates ADX’s commitment to achieving its objectives with the effectiveness of its expertise.
Khalifa Al Mansouri, Managing Director of Abu Dhabi Securities Exchange (ADX), said: “BH Mubasher is recognized as one of the highest ranked companies in the country’s financial markets and a pioneer in financial technology. Such expertise prompted ADX to grant BH Mubasher a short-term margin trading license and, therefore, to offer additional investment opportunities to private investors and companies. By allowing access to new efficient service platforms, ADX strengthens its presence as a leading regional economic platform and concretely demonstrates the consistency of its commercial development strategy which aims to deepen supply and demand while diversifying operating revenue ”
Abdel Hadi Al Sa’di, Managing Director of BH Mubasher, said: “It is an honor to be the first company in the United Arab Emirates to provide service to its customers. This step reflects BH Mubasher’s vision to increase attractiveness and competitiveness by diversifying the products offered to its customers and strengthens the company’s position as a leader in financial services in the region. It also offers more investment opportunities to institutional and wealthy clients. “
The license allows the company to provide high leverage (up to 5 times the amount of the initial margin placed) to its client to buy securities listed on the Abu Dhabi Stock Exchange. It differs from a normal margin trading license since the client must sell the financed securities within a specific short period of time.
“This initiative adds to our extensive portfolio of services offered to our clients and helps us complete our mission of providing quality financial products, using advanced technology trading platforms.” It also helps us strengthen the relationship between BH Mubasher and the capital markets of the United Arab Emirates, “added Al Sa’di.
BH Mubasher Financial Services (formerly known as Al Safwa Mubasher Financial Services) is a listed entity on the Dubai financial market with paid-up capital of AED 564 million and provides a wide range of financial services and investment products .
It should be mentioned that the Abu Dhabi Stock Exchange was created on November 15, 2000 by local law no (3) of 2000, the provisions of which give the market a legal entity with autonomous status, finance and management. independent, and confers on ADX the powers of supervision and execution necessary for the exercise of its functions.
In addition, ADX has the power to establish centers and branches outside the emirate of Abu Dhabi, and so far it has done so in Al Ain, Zayed City, Fujairah, Ras Al Khaimah and Sharjah.
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