Media ININ Economy We Trust
Media In – Abu Dhabi 15 August 2018 / WAM
The Abu Dhabi Securities Market (ADSM) has awarded SICO a license to operate as a market maker to become the first overseas market maker and the fifth registered market maker in the Abu Dhabi market in line with its strategy to enhance the investment climate and promote sustainable economic growth in the UAE. During the ceremony, the bell rang to start trading at the market headquarters in the presence of members of the executive management from both ADSM and SICO. And take Sico u. M . B / M is the leading regional bank in the field of asset management, brokerage, market making and investment banking from the Kingdom of Bahrain and is the first market maker on the Bahrain Stock Exchange since 1995. A leading bank and a key player in the GCC financial markets Gulf Cooperation Council. Rashed Al Baloushi, Chief Executive Officer of Abu Dhabi Securities Market (ADX), said: “A new license to operate as a market maker in the Abu Dhabi Securities Exchange confirms our success in raising the market’s attractiveness and competitiveness. “The increasing number of market makers is one of the key factors in our long-term strategy to attract more foreign and local investors who want to capitalize on the market’s competitive environment and investment environment.” The Abu Dhabi Securities Exchange (ADX) registered SICO according to the guidelines issued by the Securities and Commodities Authority (SCA), the regulator of the UAE’s securities markets, which stipulates that the liquidity ratio of the listed company’s shares shall not exceed 5% of the total number of shares listed, With the granting of the right to appoint several liquidators.
