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DFM approves BH Mubasher as market maker

reporters@khaleejtimes.com Filed on August 30, 2020
Hassan Al Serkal, CEO of Dubai Financial Market. - Supplied photo

The DFM has developed world-class regulatory frameworks that reinforces its leading position and attractiveness

Dubai Financial Market has approved BH Mubasher as a 'market maker'. The move authorises BH Mubasher to now provide liquidity to companies listed on the Dubai Financial Market.

Hassan Al Serkal, Chief Executive Officer (CEO) of the Dubai Financial Market said: "The DFM spares no effort to provide its participants with new services to strengthen trading activities and achieve supply/demand balance, in collaboration with our strategic partners of leading brokerage firms. Over the past years, the DFM has developed world-class regulatory frameworks that reinforces its leading position and attractiveness as well as creating favourable environment for market making and other trading mechanisms in line with international best practices. Accordingly, we are delighted to welcome BH Mubasher as the 6 licensed service provider and look forward to see the market making service gaining further momentum, which will benefit listed companies, investors and brokerage firms alike." 

Abdel Hadi Al Sa'di, chief executive officer of BH Mubasher, said "We are pleased to have been approved as a 'market maker' by Dubai Financial Market (DFM), which will be a valuable addition to the range of services provided to clients, at the highest quality and credibility. This step will enable DFM listed companies to enhance liquidity of shares and achieve a buy/sell balance with BH Mubasher."

Al Sa'di further added:  "Our thanks go to Dubai Financial Market for recognising BH Mubasher as a trusted financial company, and an integral part of the UAE's capital market infrastructure. This approval will strengthen our position at the forefront of the financial markets in the UAE and beyond." - business@khaleejtimes.com

 

Staff Reporter


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