Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit

 





Home / News / Company News
Company News
   

Emirates NBD To Offer Clearing Services To Delma Brokerage
(24 July 2017)

 

 Emirates NBD, a leading bank in the region, today announced the signing of an agreement to offer clearing services to UAE-based Delma Brokerage, making the brokerage firm, the first non-affiliate Trading Member to sign with the bank.

Emirates NBD is currently the first UAE-based financial entity to be approved by ‘SCA - Securities and Commodities Authority as a ‘General Clearing Member’ providing clearing and settlement services to trading participants of the UAE’s equity markets.

The signing ceremony took place in the presence of Her Excellency Dr. Maryam Buti Al Suwaidi, Deputy CEO for Licensing, Supervision and Enforcement, Assistant Under Secretary, SCA - Securities and Commodities Authority; Khalid Al Shaikh – ‘SCA Head of Licensing; Hassan Al Serkal, Head of Operations Division of Dubai Financial Market (DFM); Maryam Mohd Fekri – Head of Clearing, Settlement and Depository Division of Dubai Financial Market (DFM); and Mohamed Al Muhairi – Head of Clearing, Settlement and Depository Division of Abu Dhabi Securities Exchange (ADX) and senior officials from Emirates NBD and Delma Brokerage.

“As the first and only qualified General Clearing Member for the UAE equity markets, we are uniquely positioned to offer Trading Members in the UAE a range of tools and products in addition to access to credit facilities which will enhance their operational and cost efficiency,” said Tariq Bin Hendi, Executive Vice President and Head of Products & Advisory, Emirates NBD Group. “We are pleased to extend our trusted services to Delma Brokerage and look forward to continuing to support additional trading participants in the UAE’s markets.”

Salem Al Mazrouei, Chairman of Delma Brokerage, expressed his delight at the strategic partnership between Delma Brokerage and Emirates NBD, confirming that it is the culmination of a long standing co-operation between the two institutions.

Hisham Amer, CEO of Delma Brokerage, added: “This move will further protect investors and preserve their funds through our strategic partnership with Emirates NBD as a General Clearing Member.”

Seen here in the picture are Salem Al Mazrouei, Chairman of Delma Brokerage and Deeptha Premasinghe, Head – General Clearing Member Services, Emirates NBD.

Website:http://www.emiratesnbd.com

Download the Dubai City Guide iPhone mobile app

DubaiCityGuide.com is owned and managed by Cyber Gear


  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     
 
email print
1054
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       

Daily Guide

 



Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance