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BH Mubasher obtains license as securities lending, borrowing agent

BH Mubasher obtains license as securities lending, borrowing agent
The company is able to conduct transactions using the SLB facility
BHM Capital
BHMCAPITAL
-10.00% 3.15 -0.35

Dubai – Mubasher: BH Mubasher Financial Services has received a license as a securities lending and borrowing agent from the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM).

Through the license, the company is able to conduct transactions using the securities lending and borrowing (SLB) facility in ADX and DFM, according to a press release on Monday.

Meanwhile, BH Mubasher is authorised to act as a lending and borrowing agent and process securities transactions on behalf of others.

The CEO at BH Mubasher, Abdel Hadi Al Sa’di, said: "We are pleased to obtain this license as a securities lending and borrowing agent, which will enable us to extend even more financial services for our clients and strengthen our position as a financial services provider in the financial market."