Dubai - Mubasher: The Dubai Financial Market (DFM) has accredited SICO BSC to provide liquidity and act as a market maker for companies listed on the Emirati market.

The accreditation of SICO will create dynamic two-way markets, which could enhance the liquidity of the DFM-listed companies and, therefore, benefit both investors and stocks in the market, according to an official statement.

“We look forward to assisting listed companies to improve valuations and attract fresh capital, which will further enhance the confidence of regional and international investors,” SICO’s CEO Najla Al Shirawi commented.

In its capacity as a market maker, SICO will help narrow the spread between bids and offers and boost, the DFM said.

“We are delighted to welcome SICO to DFM’s market making and liquidity provision members. This step is part of our efforts to cooperate with market participants in order to create value for issuers, brokers and investors alike,” DFM’s chief operating officer Hassan Al Serkal remarked.