BH Mubasher obtains margin-trading license from ADX

The company becomes the first financial services provider to offer this service to its clients in the UAE

  
Mubasher: The Abu Dhabi Securities Exchange (ADX) has granted BH Mubasher Financial Services a license for short-term margin trading.

The company becomes the first financial services provider to offer this service to its clients in the UAE, according to a statement by ADX on Saturday.

Commenting, the CEO of Abu Dhabi Securities Exchange (ADX), Khalifa Al Mansouri, said: “BH Mubasher is recognized as one of the top-ranked firms in the country’s financial markets and a pioneer in financial technology. Such 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,” Al Mansouri added.

From his side, Abdel Hadi Al Sadi, CEO of BH Mubasher said, “This milestone reflects BH Mubasher’s vision in increasing the attractiveness and competitiveness through diversifying the products offered to its clients, and reinforces the company’s position as a leading financial services provider in the region.”

Source: Mubasher

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