DUBAI: Dubai Financial Market (DFM) has approved BH Mubasher, a leading company in the UAE’s financial market, as a market maker. The move authorises BH Mubasher to provide liquidity to companies listed on the DFM.
Abdel Hadi Al Sa’di (seen in the picture) , Chief Executive Officer of BH Mubasher, said this step will enable DFM listed companies to enhance liquidity of shares and achieve a buy/sell balance with BH Mubasher. He also praised the efforts of DFM for supporting the facilitation of providing more ways to grow businesses and strengthen the overall economic development.
“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,” he added.
Hassan Al Serkal, Chief Executive Officer (CEO) of the Dubai Financial Market stressed that Dubai’s stock market spares no effort to provide its participants with new services to strengthen trading activities and achieve supply/demand balance, in collaboration with its strategic partners of leading brokerage firms.
Over the past years, the DFM has developed world-class regulatory framework 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 and look forward to see the market-making service gaining further momentum, benefitting listed companies, investors and brokerage firms alike,” Al Serkal said.