Abu Dhabi Exchange (ADX) has granted Mubasher Financial Services a short-term margin trading licence in the UAE. The margin trading licence makes Mubasher the first financial services company in the UAE to receive such a licence, media reports said.
Mubasher is a leading investment firm in the UAE. The licence from ADX helps the investment firm to provide a high margin up to five times the initial placed amount to customers who purchase securities listed on the stock exchange. This will further reinforce the firm’s position as a leading financial services provider in the UAE and increase market competitiveness.
Mubasher previously known as Al Safwa Mubasher Financial Services has a market capitalisation of Dh 564 million. With the licence, the firm will provide both financial services and investment products to customers.
Khalifa Al Mansouri, Chief Executive of Abu Dhabi Securities Exchange (ADX), told the media that, “BH Mubasher is recognised as one of the top ranked firms in the country’s financial markets and a pioneer in financial technology. Such an expertise prompted ADX to give BH Mubasher a short-term margin-trading license and therefore provide additional investments opportunities to corporate and individual investors. 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”
ADX is important to the UAE’s financial ecosystem because it supports business development opportunities and aims to diversify operational income. It is a leading economic regional platform that creates a conducive business environment in the country.