Securities And Commodities Authority Grants BH Mubasher Introducing License
BH Mubasher Financial Services PJSC, a leading investment firm in the UAE’s financial market, recently obtained an Introducing License, from the Securities and Commodities Authority, becoming one of the financial companies in the UAE to offer this service
Abdel Hadi Al Sa’di, Chief Executive Officer, BH Mubasher, said, “We are pleased to have obtained the Introducing License; which is considered as one of the important financial services, as it aims to enhance the volume and movement of trading by introducing individuals to companies with diverse financial services, as well as increasing investor opportunities according to the highest international standards. This reflects the company’s vision and position as a leading provider of services in the region.
Al Sa’di added that the new license provides additional investment opportunities for companies and individuals. It provides an Introducing service- presenting and introducing a person to another person licensed by the authority, or a similar regulatory authority to obtain financial services, in accordance with the provisions and laws issued by the Securities and Commodities Authority.
He emphasized that the license provides introducing services to a different and diverse group of clients, such as financial brokerage firms trading in stocks and bonds listed in the financial markets in the GCC, or licensed by similar regulatory bodies for the Securities and Commodities Authority, on a product such as stocks and bonds listed in the Gulf and regional markets.
It also provides services to the wealth management companies operating in the United Arab Emirates and the GCC, and Financial free zone areas such as the Dubai International Financial Center and Abu Dhabi Global Markets. It provides services on products such as mutual funds; this is in addition to providing services for local and regional banks that may provide security services to the company’s clients, and products such as treasury bonds and private debt bonds.
BH Mubasher Financial Services (formerly known as Al Safwa Mubasher Financial Services) is a listed entity on the Dubai Financial Market with a paid-up capital of AED 564 million and provides a wide range of financial services and investment products.
