Dubai Financial Market accredits BH Mubasher as a market maker

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(MENAFN – Al-Bayan) Source: Date: August 31, 2020 The Dubai Financial Market has adopted BH Mubasher Financial Services as a market maker. This license allows BH Mubasher to provide liquidity to companies listed on the Dubai Financial Market.

Abdul Hadi Al Saadi, CEO of BH Mubasher said: “Our accreditation by the Dubai Financial Market, as a market maker, constitutes an added value to the range of services provided to our clients. This step will also enable companies listed on the Dubai Financial Market to enhance the liquidity of stocks and achieve a balance of buying and selling with BH Mubasher.

Services and facilities

Al Saadi praised the efforts of the Dubai Financial Market in facilitating and providing many services for the sake of developing and supporting businesses, and promoting comprehensive economic development, saying: “We thank the Dubai Financial Market for the appreciation of BH Mubasher as a reliable financial company and an integral part of the infrastructure. For the capital market in the Emirates.

Hassan Al Serkal, Chief Executive Officer of Dubai Financial Market, said: “The Dubai Financial Market spares no effort to provide services and mechanisms to stimulate trading and achieve a balance between supply and demand, in cooperation with our strategic partners from the leading brokerage firms approved in the market.

Over the past years, the market has developed world-class regulatory frameworks to consolidate its leading position and great attractiveness, by providing market-making service, and other services that support trading activities and enhancing liquidity, in accordance with international best practices. We are pleased to welcome BH Mubasher as an authorized market maker, bringing the number of companies providing this service to the Dubai Financial Market to 6 brokerage firms.

We look forward to the market-making service gaining more momentum in the coming stage, for the benefit of listed companies, investors and brokers alike.

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