Dubai, 26 September, 2015
In seeking to offer new trading and investment options to its clients, Mawarid Securities (MS), the leading financial brokerage company a wholly owned subsidiary of Mawarid Finance, has recently become a trading member in Nasdaq Dubai, and obtained the individual clearing membership (ICM).
Based on this membership, Mawarid Securities will be able to connect its clients to various investment opportunities on the region’s international exchange.
Mohamed Al Nuaimi, Chairman of Mawarid Securities, commented on this achievement as “obtaining this membership by Mawarid Securities shall enhance its position in the market and supports the company’s expansion plans, this comes with many other activities that aim at supporting our financial services and enhance the operations size in the UAE markets such as increasing of the company’s capital and margin trading. With this membership our customers will have more investment opportunities; it will also help the company to expand its clients’ base locally and internationally, and have access to multi-asset class trading.”
Sharif Al Khadem, CEO, Mawarid Securities said “Being an ICM member we can execute trades; its own orders or orders on behalf of our customers; it can also clear and settle those trades. We have obtained Nasdaq membership after satisfying all the requirements and finalising necessary documents.
This achievement is in line with our efforts to provide best financial services and securities trading to our clients through our highly-professional and experienced trading representatives. Our team has been provided with the necessary training and skills for the new product to ensure success and excellent service to our customers.
Mawarid Securities engages in the field of financial intermediation in Dubai, United Arab Emirates.