Abu Dhabi: In line with its strategy to enhance the UAE’s investment structure and support its sustainable economic growth, Abu Dhabi Securities Exchange (ADX) has awarded BH Mubasher Financial Services PSC with a license to serve as Market Maker, making it the 5th Market Maker on the Exchange. The announcement came at a bell-ringing ceremony on ADX’s trading floor, which was attended by members of ADX and BH Mubasher Executive Management.
This step is a reflection of ADX’s success in increasing the attractiveness and competitiveness of the Exchange through diversifying its products. Speaking at the bell-ringing ceremony, Chief Executive of ADX, H.E. Khalifa Salem AlMansoori, said: "Awarding a new Market Maker license represents yet another milestone in ADX history, pointing to our willingness to expand our investor base, and continually improve market liquidity. Increasing the number of Market Makers on the Exchange is a key part of our long-term strategy of promoting Abu Dhabi to a wider range of international and domestic investors who can benefit from its competitive yet friendly business environment."
Commenting on the accreditation, H.E. Al Hurr Al Suwaidi, Chairman of BH Mubasher Financial Services, said that the license obtained from Abu Dhabi Securities Exchange (ADX) is a valuable addition to the range of services provided to clients. The move is in line with the company’s core strategy of providing the best services and maintaining the highest level of quality and credibility. He added that the milestone serves as a platform that opens new investment vistas for companies and businessmen.
Al Suwaidi explained that this step will help strengthen relations between BH Mubasher and capital markets in the UAE, particularly Abu Dhabi Securities Exchange. It will facilitate more instruments and ways to empower and grow businesses, contributing to overall sustainable economic development.
Abdel Hadi Al Sa’di, Chief Executive Officer, BH Mubasher, said: “We are very pleased to have received our Market Making license from Abu Dhabi Securities Exchange (ADX) and to provide liquidity to listed companies. This milestone for our business will enable us to offer more products and services to our clients and increase our scope of business.”
He added: “We thank Abu Dhabi Securities Exchange for trusting BH Mubasher and granting us the license, which is a valuable addition to our services. This shows that BH Mubasher is committed to being at the forefront of the growth and development of the capital markets in Abu Dhabi and the UAE.”
About Abu Dhabi Securities Exchange:
Abu Dhabi Securities Exchange (ADX) was established on November 15 of the year 2000 by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions.
ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA).
In 2014, ADX was upgraded to ‘Emerging Market’ status by both MSCI and S&P Dow Jones. ADX was already classified as an Emerging Market by FTSE in 2009 and in 2011 by S&P and Russell Investments.
For more information, please contact:
Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication & Digital Marketing
Marketing & Corporate Communication Department
Tel: 00971 (2) 6128774
Mobile: 00971 (50) 6689733
Tel: 00971 (2) 4420423
Mobile: 00971 (50) 1113799
BH Mubasher Financial Services is a private joint stock company listed in Dubai Financial Market (DFM) and regulated by the UAE Securities and Commodities Authority. Since its inception in 2006 it has been one of the top ranked firms in the country’s financial markets and a pioneer in financial technology making it a regional leader in providing essential tools for corporate and individual investors.
We offer clients access to capital markets in UAE, KSA, USA, UK and other regional and international markets as well as a wide range of financial services and investment instruments including prime brokerage, investment management, corporate advisory and research. The head office is located in Vision Tower, Dubai Business Bay, and has branches in Abu Dhabi, Sharjah, RAK and Al Ain.
Communication Contact Details:
Head of Customer Service
BH Mubasher Financial Services
© Press Release 2020