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Emirates NBD inks deal with Pioneers Waseet Securities

Emirates NBD inks deal with Pioneers Waseet Securities
Emirates NBD has added several clients to its growing portfolio
Emirates NBD
EMIRATESNBD
0.29% 17.30 0.05

Dubai - Mubasher: Emirates NBD has signed an agreement with the UAE-based Pioneers Waseet Securities as a trading member to avail the bank’s settlement and clearing services.

The Securities and Commodities Authority (SCA) has approved the leading bank as a ‘General Clearing Member’, according to a recent statement.

Following this approval, Emirates NBD has added several clients to its growing portfolio, making it the market leader in boosting clearing and settlement services to trading participants of the UAE’s equity markets.

“We are delighted to offer Pioneers Waseet Securities a range of efficient and cost-effective services as we continue to expand our coverage of brokerage firms in the UAE,” the executive vice president and head of products & advisory, Emirates NBD Group, Tariq bin Hendi, said.

Shaikh Majid bin Hamad Alqasimi, chairman of Pioneers Waseet Securities, commented: “We look forward to working closely with them as we continue to add value to our clients.”