Dubai Financial Market-listed BH Mubasher Financial Services has a paid-up capital of AED 564 million/Bloomberg
by Kudakwashe MuzoriwaUAE-based BH Mubasher Financial Services (BHM) has received a short-term margin-trading licence from the Abu Dhabi Securities Exchange (ADX), making it the first financial services company in the country to offer the service to its clients.
A short-term margin-trading licence is different from a normal margin trading licence as the customer should sell the financed securities within a specific short period.
Abdel Hadi Al Sa’di, the Chief Executive Officer of BH Mubasher, said that it is an honour to be the first firm in the UAE to provide the service to its customers and it provides more investment opportunities for institutions and high net worth clients.
ADX stated that the stock exchange is keen to support business development opportunities aligned with its triple-pillared ‘Shape the 20s’ strategy of being responsive, transformative and innovative.
“By enabling access to new and efficient services’ platforms, ADX strengthens its presence as a leading regional economic platform and concretely demonstrates the coherence of its business development strategy that aims to deepen supply and demand while diversifying operating incomes,” said HE Khalifa Al Mansouri, Chief Executive of Abu Dhabi Securities Exchange.
Al Sa’di said that the initiative adds to BH Mubasher’s extensive portfolio of services and helps the firm in delivering quality financial products, using cutting edge technology trading platforms.
Dubai Financial Market-listed BH Mubasher Financial Services has a paid-up capital of AED 564 million and provides a wide range of financial services and investment products.
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