Tariq Bin Hendi, Executive Vice President, Emirates NBD, Head of Financial Solutions and Advisory Services, said: "Expanding operations to include public offering services will allow diversification of stock markets and provide trading services to manage transactions.
The Bank has been approved as a General Clearing House by the Securities and Commodities Authority (ESCA), becoming the first financial institution in the UAE to obtain such approval. As a public clearing house, the Bank can now provide clearing and settlement services to members of the UAE Stock Exchange .
Bin Hindi added that the license granted reflects the JSC's belief in our ability and ability to provide reliable services to the country's financial markets, the bank said in a statement.
The approval of the Bank's important role in the UAE equity markets by providing a wide range of value-added services enables brokerage firms to be traded in UAE stock markets - Abu Dhabi Securities Exchange, Dubai Financial Market, Benefiting from the Bank's reliable expertise and services as a public clearing member in activities related to the settlement of securities.